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Sponsor proposes B&O tax credit to encourage employer-supported childcare; large fiscal note accompanies bill

2243144 · February 6, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

House Bill 1564 would create a B&O and public utility tax credit equal to employer costs for providing childcare assistance to employees (including on-site childcare); the committee received supportive testimony from business and military-community advocates and staff summarized a sizable fiscal impact estimate.

House Bill 1564, introduced by Representative Josh Penner, would create a business-and-occupation (B&O) tax credit and public utility tax credit equal to employer expenditures for providing childcare assistance to employees, including payments toward childcare costs or costs of employer-provided on-site childcare.

Christina King, staff to the committee, described the measure: beginning Jan. 1, 2026 the credit would be available and could be earned until Jan. 1, 2037; the…

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