Pennsylvania SB1310 amends the employer child care contribution tax credit, increasing the tax credit amount and contribution cap.

Pennsylvania SB1310 modifies the employer child care contribution tax credit. For taxable years starting after December 31, 2025, the tax credit amount increases to 100% of the aggregate contribution made to employees during the tax year. The contribution cap is set at $10,000 per employee. If the total tax credits applied for exceed $10,000,000, the credits will be prorated among all qualified taxpayers. This change affects employers and employees in Pennsylvania.

Pennsylvania SB1310 amends the employer child care contribution tax credit, increasing the tax credit amount and contribution cap.

Pennsylvania SB1310 modifies the employer child care contribution tax credit. For taxable years starting after December 31, 2025, the tax credit amount increases to 100% of the aggregate contribution made to employees during the tax year. The contribution cap is set at $10,000 per employee. If the total tax credits applied for exceed $10,000,000, the credits will be prorated among all qualified taxpayers. This change affects employers and employees in Pennsylvania.