Washington HB1564 provides a tax credit for employers offering child care assistance to employees.

Washington HB1564 establishes a tax credit for businesses and public utilities that provide child care assistance to employees. The credit equals 100 percent of the costs related to providing child care assistance, including salary portions used for child care expenses and in-house child care costs. The credit can be claimed until January 1, 2037, and the legislation expires on January 1, 2038. The Department of Revenue must administer the credit and rule on applications within 60 days.

Washington HB1564 provides a tax credit for employers offering child care assistance to employees.

Washington HB1564 establishes a tax credit for businesses and public utilities that provide child care assistance to employees. The credit equals 100 percent of the costs related to providing child care assistance, including salary portions used for child care expenses and in-house child care costs. The credit can be claimed until January 1, 2037, and the legislation expires on January 1, 2038. The Department of Revenue must administer the credit and rule on applications within 60 days.