Authorizes tax credits for certain employer-provided child care expenditures in Ohio.

Ohio HB167 amends the Revised Code to authorize nonrefundable tax credits for certain employer-provided child care expenditures. Eligible expenses include those qualifying as child care expenditures under the Internal Revenue Code and payments for licensed child care programs. Employers can claim a credit against their tax liability, with any excess credit carried forward for up to five years. The bill specifies the order in which credits must be claimed and prohibits claiming the same credit more than once per taxable year.

Authorizes tax credits for certain employer-provided child care expenditures in Ohio.

Ohio HB167 amends the Revised Code to authorize nonrefundable tax credits for certain employer-provided child care expenditures. Eligible expenses include those qualifying as child care expenditures under the Internal Revenue Code and payments for licensed child care programs. Employers can claim a credit against their tax liability, with any excess credit carried forward for up to five years. The bill specifies the order in which credits must be claimed and prohibits claiming the same credit more than once per taxable year.