|HB 0049||Tax Credit for Certain Businesses Providing Child Care|
|Sponsor:||BLAND||Handling House Bill:||BANKS|
|Last Action:||05/15/95 - H Calendar H Bills with S Amendments (SCA 1)|
|Effective Date:||August 28, 1995|
HB 49 - This act exempts an on-site or near-site child care facility, applying for licensure from the Department of Social Services, which is operated by an employer primarily for the children of its employees, from meeting the Department's licensing requirement that an applicant's business be confined to providing child care services. The employer operated child care facility would be required to comply with all other licensing requirements.
This act would also allow employers a tax credit of up to 10% of expenditures of funds spent on child care services for their employees. No credit shall be allowed for any amounts for which any other credit is claimed. The tax credit shall be applied against the income tax liability imposed by chapter 143, after all other credits have been applied. If tax credits exceed the tax liability, the difference between the credit and liability may be carried forward into the next tax year.
No credit shall be allowed: (1) if the child care facility
unfairly discriminates on the basis of race, creed, religion, or
national origin as a factor in making child care services
available; (2) for an unlicensed child care facility; (3) for a
child care facility which admits children who are in violation of
the compulsory education attendance law; or (4) if the facility
doesn't provide subsidized child care services on a sliding scale
to parents of at least 25% of the children served by the
SCA 1 - CLARIFIES THAT TAX CREDIT IS FOR CHILD CARE EXPENDITURES OR SERVICES.