Bill > HB215

This bill creates 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, starting in 2026, taxpayers can receive tax credits for contributions to child care providers or for child care-related expenses. The Child Care Contribution Tax Credit allows taxpayers to claim a credit equal to 75% of their contribution to a child care provider or intermediary, up to $200,000 per year. The Employer-Provided Child Care Assistance Tax Credit enables 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 allows 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. Each program has specific eligibility requirements, focuses on supporting child care in underserved areas (called "child care deserts"), and includes provisions to prevent abuse. The tax credits are non-transferable, can be carried forward for up to six years, and are subject to an overall annual cap of $20 million across all three programs. These programs are set to expire on December 31, 2031, unless reauthorized by the Missouri General Assembly.

https://house.mo.gov/Bill.aspx?bill=HB215&year=2025&code=R