Bill > H2779

This bill establishes a Workplace Child Care program tax credit for business corporations in Massachusetts that provide an affordable, on-site child care center licensed by the Department of Early Education and Care for use by their employees. The credit is equal to 25% of the qualified child care expenditures, with a maximum credit of $150,000 per business corporation per taxable year. The Department of Early Education and Care will determine the eligibility criteria and affordability standards for the credit. The bill specifies what qualifies as a "qualified child care expenditure" and a "qualified child care center." The credit can be carried over and applied against the taxpayer's tax liability for up to 5 succeeding taxable years.