This bill modifies income tax credits for employer-provided child care.
This bill:
- defines terms;
- increases the amount of the nonrefundable corporate and individual income tax credits available for employer-provided child care, in relation to an employer's child care expenditures, for certain employers that qualify as a small business;
- repeals the requirement for an employer to have claimed the tax credit for construction expenditures in order to claim the tax credit for child care expenditures; and
- makes technical and conforming changes.

Statutes affected:
Introduced: 59-7-627, 59-10-1048