Texas SB2164 establishes an employer child-care contribution partnership program and a franchise tax credit for taxable entities making certain.

Texas SB2164 creates an employer child-care contribution partnership program to support families in accessing high-quality child care by incentivizing eligible employers. Employers can contribute at least $1,200 per year per child for eligible employees, and the state matches these contributions. The bill also establishes a franchise tax credit for taxable entities making child-care contributions to employees. The credit is limited to $3,600 per child per employee and $25 million per fiscal year.

Texas SB2164 establishes an employer child-care contribution partnership program and a franchise tax credit for taxable entities making certain.

Texas SB2164 creates an employer child-care contribution partnership program to support families in accessing high-quality child care by incentivizing eligible employers. Employers can contribute at least $1,200 per year per child for eligible employees, and the state matches these contributions. The bill also establishes a franchise tax credit for taxable entities making child-care contributions to employees. The credit is limited to $3,600 per child per employee and $25 million per fiscal year.