Bill > HB269

This bill establishes three new tax credit programs aimed at supporting child care in Missouri: the Child Care Contribution Tax Credit Act, the Employer-Provided Child Care Assistance Tax Credit Act, and the Child Care Providers Tax Credit Act. Under these programs, taxpayers can claim tax credits for various child care-related contributions and expenditures. For the Child Care Contribution Tax Credit, businesses and individuals can receive a tax credit of up to 75% of their contribution to child care providers or intermediaries, with a maximum credit of $200,000 per year. The Employer-Provided Child Care Assistance Tax Credit allows employers with two or more employees to claim a 30% tax credit for qualified child care expenditures, also capped at $200,000 annually. The Child Care Providers Tax Credit enables child care providers with three or more employees to claim credits for eligible employer withholding taxes and up to 30% of capital expenditures, again with a $200,000 annual limit. All three programs specifically aim to support child care in "child care deserts" - areas with limited access to child care services, prioritize supporting care for children 12 and under, and have a total combined annual tax credit authorization of $20 million. These credits are non-transferable, can be carried forward for up to six years, and are designed to expire on December 31, 2031, unless reauthorized by the Missouri General Assembly.

Budget and Finance, Business and Industry, Government Affairs, Labor and Employment

https://house.mo.gov/Bill.aspx?bill=HB269&year=2025&code=R