Tax Credit for Increased Child Care Provider Wages
This law introduces a new tax credit for businesses and facilities that increase wages for their child care providers. The goal is to encourage better pay for staff, which could improve the availability and quality of child care services. Businesses in rural areas will receive a larger credit to support child care development in those regions.
Key points
Child care businesses and facilities can receive a tax credit for increasing wages paid to their staff.
This aims to encourage better pay for child care providers, potentially leading to more available spots and higher quality care.
Facilities in rural areas will receive a larger credit, supporting child care development in those regions.
In some situations, the credit can be received as a direct payment, even if the business doesn't owe enough tax to offset it.
Introduced
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