An Act relating to revenue and taxation; providing income tax credit for certain expenses related to provision of childcare services; defining terms; specifying credit amount; prescribing limit on credit amounts; prohibiting reduction of income tax liability to less than zero; providing for carryover; providing for termination of credit authorization; providing for codification; and providing an effective date.
One Reply to “HB 1848 (2025)”
Gives tax credits to businesses that help their employees with childcare costs and to childcare workers. Employers can get back 30% of what they spend on childcare services, up to $30,000 per year, and childcare workers can get a $1,000 tax credit if they meet certain job and education requirements. The program starts in 2026 and ends in 2030.
Comments are closed.