Bill > HB1193

This bill provides employers with a child care tax credit against the business profits tax and the business enterprise tax. The credit can be claimed for qualified expenditures made on behalf of their employees to state-licensed child care facilities or prekindergarten, as long as the employees are eligible for the New Hampshire child care scholarship program and earn between 100% and 350% of the federal poverty guidelines. The credit is limited to $100,000 per taxpayer per year, and the aggregate amount of credits issued by the Commissioner cannot exceed $10 million per fiscal year. The bill also expands the Granite State Paid Family Leave Plan Tax Credit to include expenditures for maternity or paternity leave greater than 12 weeks.

Budget and Finance

https://gc.nh.gov/bill_status/legacy/bs2016/bill_status.aspx?lsr=2007&sy=2024&sortoption=&txtsessionyear=2024&txtbillnumber=HB1193