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Committee hears bill to give employers a credit for childcare contributions as part of broader childcare reforms
Summary
Senate Bill 2282 would create a state tax credit for employers that contribute to employee child care costs, equal to 30% of qualifying contributions limited to the first $500 per employee, according to sponsor Senator Kathy Hogan.
Senator Kathy Hogan told the Senate Committee on Finance and Taxation that Senate Bill 2282 would create a state tax credit to encourage employer support for employee child care. The bill would allow employers a credit equal to 30% of qualifying contributions for child care, limited to the first $500 of contributions per employee.
"This is one piece of that big package," Senator Kathy Hogan said, describing the credit as an additional tool to encourage employer investment in child care alongside prior legislation (House Bill 1540) and other state programs.
Business groups and chambers supported the bill as a flexible option to help employers facing workforce shortages. Andrea Fenig, vice…
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