Published by admin on Thu, 03/18/2021 - 1:51pm
House passes bill in support of more childcare centers
House File 712 passed the House this week with bipartisan support and provides for a childcare incentive for developers (to construct more childcare centers). The bill creates a workforce childcare facility tax credit for the developer of a new or rehabilitated childcare facility. This includes both income tax credits and sales and use tax refunds. The tax credit is not refundable, but is transferable. The program cap is $3 million annually.