Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
SB 1803 establishes a franchise tax credit for businesses that subsidize employees’ child-care costs. To qualify, a business must subsidize at least $2,400 per year per employee for child care at a licensed facility or registered family home. The credit is capped at 4% of a business’s franchise tax liability and is limited to $20 million in total statewide credits per year. Any unused credit can be carried forward for two years but cannot be sold or transferred.
Author (1)
Contact the Author
Sen. Carol Alvarado
Capitol Phone:
(512) 463-0106
Capitol Office:
CAP 1E.9
E-Mail:
