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  • NJ A507
  • Permits a tax deduction under the New Jersey gross income tax for taxpayers who operate or maintain for their employees a licensed child care center or who have paid the cost of outside child care.
Introduced
(1/27/2016)
In Committee
(1/27/2016)
Crossed OverPassedSignedDead/Failed/Vetoed
2016-2017 Regular Session
This bill provides for a tax deduction under the gross income tax for taxpayers operating or maintaining a licensed child care service for their employees' children, or who have paid part or all of the cost of outside child care services for children of employees. The deduction is equal to 25% of the expenses incurred. The bill allows for the child care expense deduction for certain resident employers to be in cooperation with one or more unincorporated businesses. This provision is intended to act as an incentive for small businesses to provide child care services for employees. The bill provides that the deductions allowed would be in addition to the application of the costs, expenditures and contributions toward the determination of net profits from business allowed under subsection b. of N.J.S.54A:5-1.
Women and Children
Introduced, Referred to Assembly Women and Children Committee  (on 1/27/2016)
 
 

Date Chamber Action Description
1/27/2016 A Introduced, Referred to Assembly Women and Children Committee
Date Motion Yea Nay Other
None specified