Bill > S1956

This bill creates a pilot program to incentivize employers in Massachusetts to provide childcare services for their employees by offering a tax credit. Specifically, both non-corporate and corporate employers with their principal place of business in Massachusetts can receive a tax credit equal to 25% of money spent on childcare services for employees, with a maximum credit of $750,000 per year. The bill defines "child care service" as licensed childcare centers, family child care homes, group care facilities, or school-aged childcare programs. The executive office of economic development is required to create a technical assistance plan to help corporations, especially those with fewer than 1,000 employees, access the tax credit. Additionally, the office must conduct annual studies on the program's impact, examining factors like industry sector, geographic region, number of employees, and workforce implications. The pilot program is funded up to $10,000,000 and will be subject to appropriation. Interestingly, the bill includes provisions for sections 2 and 4 (which would repeal the tax credit) to take effect on June 30, 2027, suggesting this is intended as a time-limited pilot program to test the effectiveness of employer-provided childcare incentives.