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Senate committee debates SB654, a business tax credit aimed at encouraging on-site childcare and 'parent hours'
Summary
Senate Bill 654 would create a tax credit for employers who provide qualifying on-site childcare and parent-hours schedules and offer a 20% credit for employer-paid health benefits for eligible employees; agencies flagged implementation and drafting issues and urged sponsor amendments.
Senator Victoria Sullivan introduced Senate Bill 654, a package of tax incentives meant to encourage businesses to provide on-site childcare and to adopt parent-friendly schedules (proposed 9 a.m.–3 p.m. parent hours for eligible employees). Under the bill as presented, a qualifying employer could claim a credit equal to 20% of qualifying childcare expenditures up to specified caps and a separate health-benefit credit (20% of employer-paid health-care costs with per-employee limits referenced in the draft language).
Committee members asked clarifying questions about…
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