Bill > HB2409

This bill establishes three new tax credit programs aimed at supporting child care in Missouri: the Child Care Contribution Tax Credit, the Employer-Provided Child Care Assistance Tax Credit, and the Child Care Providers Tax Credit. Each program offers tax credits to different entities to incentivize investment in child care. The Child Care Contribution Tax Credit allows taxpayers to receive a 75% tax credit for contributions to child care providers or intermediaries, with credits ranging from $100 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, such as constructing or operating child care facilities for employees, with a maximum credit of $200,000 annually. The Child Care Providers Tax Credit allows child care providers with three or more employees to claim a tax credit equal to their eligible employer withholding tax and up to 30% of capital expenditures, also capped at $200,000 per year. All three programs have a $20 million annual credit limit, prioritize child care providers in underserved "child care desert" areas, and include provisions for non-profit organizations and pass-through entities. The tax credits are non-transferable and can be carried forward for up to six years, with special provisions for tax-exempt organizations to claim refunds.

Business and Industry, Government Affairs

https://house.mo.gov/Bill.aspx?bill=HB2409&year=2026&code=R