HB 2409 creates tax credits for contributions to child care providers, employer-provided child care, and child care capital expenditures.
HB 2409 introduces three tax credit acts: the Child Care Contribution Tax Credit Act, the Employer-Provided Child Care Assistance Tax Credit Act, and the Child Care Providers Tax Credit. These acts provide tax credits for contributions to child care providers, employer-provided child care, and child care capital expenditures. Contributions must be used to promote child care for children twelve years of age or younger. The tax credits are non-refundable and cannot be transferred or sold. The program is set to sunset six years after its effective date unless reauthorized by the general assembly.
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