SB1678

Missouri SB1678 authorizes tax credits for child care providers and employers contributing to child care services.

Missouri SB1678 introduces tax credits for child care providers and employers contributing to child care services. Employers can claim a tax credit for contributions made to child care providers, up to 75% of the contribution amount. Child care providers can claim a credit for capital expenditures up to $200,000 per year. Contributions must be used for child care services, facility improvements, or employee training. The bill defines "child care desert" areas with high poverty rates or low median family income, where additional credits are reserved.