Texas HB5273 proposes a franchise tax credit for child-care centers that increase their capacity.

HB5273 amends the Texas Tax Code to create a franchise tax credit for child-care centers that increase their capacity. The credit applies to centers licensed by the Department of Family and Protective Services. The credit amount varies based on the percentage increase in capacity: 50% for a 25-50% increase, 75% for a 50-75% increase, and 100% for a 75% or greater increase. The credit is subject to limitations and must be applied for by the taxable entity. The credit cannot be transferred to another entity unless the assets are also transferred.

Texas HB5273 proposes a franchise tax credit for child-care centers that increase their capacity.

HB5273 amends the Texas Tax Code to create a franchise tax credit for child-care centers that increase their capacity. The credit applies to centers licensed by the Department of Family and Protective Services. The credit amount varies based on the percentage increase in capacity: 50% for a 25-50% increase, 75% for a 50-75% increase, and 100% for a 75% or greater increase. The credit is subject to limitations and must be applied for by the taxable entity. The credit cannot be transferred to another entity unless the assets are also transferred.