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