This bill proposes the creation of a new section in the North Dakota Century Code that establishes an income tax credit for qualified employers who make child care contributions to their employees. Specifically, the credit allows these employers to claim a tax credit equal to thirty percent of their aggregate child care contributions, limited to the first five hundred dollars per qualifying employee, during the taxable year in which the contributions are made. The bill outlines the definitions of key terms such as "qualified employer," "qualified employee," and "child care contribution," and specifies that the credit cannot exceed the employer's tax liability for the year, nor can it be carried forward or back if it exceeds that liability.

Additionally, the bill includes a new subdivision to an existing section of the tax code to reference the child care contribution credit. It mandates that the tax commissioner will provide the necessary forms and guidelines for claiming the credit. The effective date for this tax credit is set for taxable years beginning after December 31, 2024.