Bill > SB376

This bill establishes a new state tax credit for employers who provide child care benefits to their employees, mirroring the federal employer-provided child care credit (Section 45F of the Internal Revenue Code). For taxable years beginning after December 31, 2025, eligible individuals and businesses can claim a credit against their state income tax equal to the amount of the federal credit they received, provided the child care facility or services are located within Wisconsin. The bill also outlines limitations, such as the credit not being applicable to out-of-state expenses, and includes provisions for how partnerships, limited liability companies, and tax-option corporations will handle this credit for their owners or shareholders. This initiative aims to incentivize employers to support their employees' child care needs, potentially making it easier for parents to remain in the workforce.

Budget and Finance

https://docs.legis.wisconsin.gov/2025/proposals/reg/sen/bill/sb376