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AR HB1019
Bill
Status
5/5/2025
Primary Sponsor
Denise Garner
Click for details
AI Summary
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Creates the "Affordable Childcare Act of 2025" establishing income tax credits for Arkansas businesses that pay for or provide childcare for employees' dependent children through licensed childcare facilities
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Provides a 30% tax credit for childcare services purchased for employees or for childcare locating services, capped at $30,000 per business annually
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Offers a 50% tax credit in the first year for establishing a childcare facility (capped at $45,000), dropping to 30% of operating costs in subsequent years
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Allows a 50% tax credit (capped at $45,000) for payments to organizations that provide employees access to available childcare services
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Repeals existing employer-provided childcare tax credit provisions (§§ 26-51-507 and 26-51-508) and makes the new credits refundable if they exceed the business's tax liability, effective for tax years beginning January 1, 2025
Legislative Description
To Create The Affordable Childcare Act Of 2025; To Create An Income Tax Credit For Employers Who Assist Employees With Childcare Costs; And To Replace The Existing Income Tax Credit For Employer-operated Childcare Facilities.
Last Action
Died in House Committee at Sine Die adjournment.
5/5/2025