Amendment #398 to H4200

Providing Tax Credits for Employers Who Provide Child Care and Day Care Subsidies to their Employees

Representatives Jones of North Reading, Hill of Ipswich, Poirier of North Attleborough, Gifford of Wareham, Frost of Auburn and Smola of Warren move to amend the bill by adding the following new section:-

“SECTION XX. Notwithstanding any general or special law to the contrary, a corporation shall be allowed a credit as hereinafter provided against its excise due under Chapter 63 of the General Laws for its taxable year ending on or after December 31, 2016.  The amount of the credit shall be equal to 50 per cent of the qualifying child care expenses.  Qualifying child care expenses are employer-provided or employer-sponsored expenses for the care in Massachusetts of children of employees which expenses are not reimbursed by tuition, government grant or otherwise and do not include expenses for the construction, acquisition or maintenance of equipment or facilities used for child care purposes.

The credit allowed under this section shall not reduce the excise to less than the amount due under subsection (b) of section 39 of this chapter and under any act in addition thereto.  The provisions of section 32C of this chapter shall not apply to the credit allowed by this section.  A corporation claiming a credit under this section shall furnish such information relative to the credit as may be requested by the commissioner of the department of revenue in a form approved by him, and the commissioner shall promulgate such regulations as are necessary to implement this section.

SECTION XX.  This act shall take effect for taxable years ending on or after December 31, 2016.”

Additional co-sponsor(s) added to Amendment #398 to H4200

Providing Tax Credits for Employers Who Provide Child Care and Day Care Subsidies to their Employees