CT HB05109

Establishes a tax credit for corporations that make qualified "human capital investments," including operation of on-site day care facilities for employees' children.

Allows a tax credit equal to 5% of qualifying expenses for taxable years commencing on or after January 1, 2000 (3% for 1998-1999, 4% for 1999-2000).

Expands the definition of human capital investment to include operation of on-site day care facilities located in Connecticut primarily serving children of employees.

Credits cannot exceed the corporation's tax liability for that income year and cannot be claimed under any other tax provision for the same investment.

Unused credits may be carried forward for up to five succeeding income years until fully utilized.