Bill > A252

This bill provides corporation business tax and gross income tax credits for certain employer-provided child care expenditures. Specifically, it allows taxpayers to claim credits for the cost of acquiring, constructing, or improving real property used as a qualified child care center primarily for the children of their employees, as well as for the costs of operating or contracting for the operation of such child care centers or the provision of child care information and referral services for their employees. The credits are subject to various conditions and limitations, including requirements that the taxpayer enter into an agreement with the state and use the property as a qualified child care center for at least 60 consecutive months.