Texas SB211 provides a franchise tax credit for entities operating on-site child-care centers for employees.

Texas SB211 amends the Tax Code to create a franchise tax credit for entities that operate an on-site child-care center for their employees. The credit is available for centers exclusively for employee children and dependents, located at or near the employee worksite. The credit amount varies based on the entity's net cost to operate the center and the franchise tax due. The credit cannot be transferred unless all entity assets are transferred. The comptroller will implement and administer the credit rules, and the act takes effect January 1, 2026.

Texas SB211 provides a franchise tax credit for entities operating on-site child-care centers for employees.

Texas SB211 amends the Tax Code to create a franchise tax credit for entities that operate an on-site child-care center for their employees. The credit is available for centers exclusively for employee children and dependents, located at or near the employee worksite. The credit amount varies based on the entity's net cost to operate the center and the franchise tax due. The credit cannot be transferred unless all entity assets are transferred. The comptroller will implement and administer the credit rules, and the act takes effect January 1, 2026.