HB 34 - This act would grant a 10% tax credit to employers who provide or make child care services available to the children of employees. The 10% tax credit would be 10% of expenditures of funds spent on child care services. The credit would be claimed when the taxpayer files return and shall be applied against the income tax liability imposed by Chapter 143, RSMo, after all other credits have been applied. When the credit exceeds the tax liability, the difference between the credit and the tax liability may be carried forward into subsequent taxable years.

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) 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 facility; or (3) for services provided by a facility not licensed by the Department of Health.
RUSS HEMBREE