This bill introduces a new section to the North Dakota Century Code that establishes an income tax credit for qualified employers who make child care contributions. Specifically, it allows these employers to claim a credit equal to fifty percent of their aggregate child care contributions made during the taxable year, with a cap on the contributions of up to one thousand dollars per qualified employee. The credit must be claimed in the year the contributions are made and cannot exceed the employer's tax liability for that year. Additionally, passthrough entities can also claim this credit, with the amount distributed to partners, shareholders, or members based on their respective interests.

The bill also defines key terms related to the credit, including "qualified employer," "qualified employee," and "child care contribution." It mandates that to qualify for the credit, employers must provide equal opportunities for all employees with child care costs to receive contributions. The effective date for this tax credit is set for taxable years beginning after December 31, 2024.