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Several childcare tax credit proposals set for review, from dependent-care relief to provider and employer incentives
Summary
A set of bills to ease childcare costs for families, support home-based providers and encourage employer-created childcare capacity drew testimony at the Joint Committee on Revenue.
The Joint Committee on Revenue heard a cluster of bills focused on childcare affordability and expanding childcare capacity across the Commonwealth.
Representatives Chester Wooley and Brett McGregor testified in support of H.3174 (an act relative to a child and dependent care tax credit), which would provide a $500 state tax credit per dependent (described as 25% of the federal dependent-care tax credit) to help families facing high childcare costs. "The price of daycare for a young child can rival or even exceed housing costs," Representative Fuqua Reid said, urging the committee to…
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