Texas HB3070 provides a franchise tax credit for entities opening early learning and child-care centers in affordable housing developments.

HB3070 amends the Texas Tax Code to create a tax credit for entities that open early learning and child-care centers in certain affordable housing developments. Eligible entities can claim a credit equal to 50 percent of their franchise tax due after applying other credits. The credit is non-transferable except in cases where substantially all assets are transferred. The comptroller is authorized to establish rules and procedures for implementing and administering the credit. The provisions apply to reports due on or after the bill's effective date of January 1, 2026.

Texas HB3070 provides a franchise tax credit for entities opening early learning and child-care centers in affordable housing developments.

HB3070 amends the Texas Tax Code to create a tax credit for entities that open early learning and child-care centers in certain affordable housing developments. Eligible entities can claim a credit equal to 50 percent of their franchise tax due after applying other credits. The credit is non-transferable except in cases where substantially all assets are transferred. The comptroller is authorized to establish rules and procedures for implementing and administering the credit. The provisions apply to reports due on or after the bill's effective date of January 1, 2026.