Amendment ID: S2697-16

Amendment 16

Incentivizing On-Campus Childcare

Ms. Moran and Messrs. O'Connor and Tarr move that the proposed new draft be amended by adding the following sections:-

"SECTION X. Section 6 of chapter 62 of the General Laws, as appearing in the 2022 Official Edition, is hereby amended by inserting after subsection (cc), the following subsection:-

(dd) An employer shall be allowed a credit against the taxes imposed by this chapter in an amount equal to 50 per cent of the cost of construction or renovation for the purpose of establishing or expanding child care services for their employees. To qualify for said credit, the employer must offer and subsidize child care services for their employees at least 50 per cent of the market rate.

SECTION X. Chapter 63 of the General Laws, as so appearing, is hereby amended by inserting after section 38MM, the following section:-

Section 38NN. Credit for establishing on-campus child care

An employer shall be allowed a credit against the taxes imposed by this chapter in an amount equal to 50 per cent of the cost of construction or renovation for the purpose of establishing or expanding child care services for their employees. To qualify for said credit, the employer must offer and subsidize child care services for their employees at least 50 per cent of the market rate."