Bill > S08202

This bill creates a deduction from the franchise tax and personal income tax for costs of acquiring or improving a child care facility operated for profit. It also creates a deduction from the corporation tax, franchise tax, personal income tax, and tax on banks for costs of acquiring or improving a child care facility operated primarily for the children of the taxpayer's employees. The deductions are to be taken over a 60-month period for for-profit facilities and a 24-month period for facilities primarily serving the taxpayer's employees.