Bill
Bill > H2884
MA H2884
MA H2884Providing tax credits to certain employers that provide affordable, on-site child-care for employees
summary
Introduced
03/29/2021
03/29/2021
In Committee
03/29/2021
03/29/2021
Crossed Over
Passed
Dead
12/31/2022
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)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/192/H2884 |
| Bill | https://malegislature.gov/Bills/192/H2884.pdf |
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