Bill > SB2282

This bill creates a new income tax credit for qualified employers who provide child care contributions to their employees, aimed at helping workers manage child care costs. Under the bill, employers can receive a tax credit equal to 50% of their aggregate child care contributions, up to $1,000 per qualified employee, for payments made to licensed child care providers. To qualify, employers must offer the child care contribution opportunity equally to all employees with child care costs. The credit can only be used to offset the employer's income tax liability for the year it is claimed and cannot be carried forward or backward. Pass-through entities like partnerships can claim the credit at the entity level, with the credit amount distributed proportionally among partners, shareholders, or members. The bill defines key terms such as "child care provider" (licensed early childhood services providers), "qualified employee" (an individual employed by the employer), and "child care contribution" (payments to subsidize an employee's child care costs). The tax credit will become effective for taxable years beginning after December 31, 2024, providing an incentive for employers to support working parents' child care needs.

Budget and Finance

https://ndlegis.gov/assembly/69-2025/regular/bill-overview/bo2282.html