Bill

Bill > H2884


MA H2884

MA H2884
Providing tax credits to certain employers that provide affordable, on-site child-care for employees


summary

Introduced
03/29/2021
In Committee
03/29/2021
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

Relative to providing tax credits to certain employers that provide on-site child-care for employees. Revenue.

AI Summary

This bill establishes a child care program tax credit in Massachusetts. Businesses that provide an affordable, on-site child care center licensed by the Department of Early Education and Care for their employees can receive a tax credit equal to 25% of their qualified child care expenditures, up to a maximum of $150,000 per year. The Department will determine the eligibility criteria and affordability standards for the credit. Qualified expenses include costs to acquire, construct, or operate the child care center, as well as payments to a third-party provider. The credit can be carried forward for up to 5 years.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Accompanied a study order, see H5043 (on 08/29/2022)

bill text


bill summary

Loading...

bill summary

Loading...

bill summary

Loading...