CT SB00282

Establishes a tax credit for employers who make payments toward child care costs for qualified employees working and residing in Connecticut, effective for income years beginning January 1, 2021.

Tax credit equals 50% of child care payments made by employers during the income year, capped at $2,500 per qualified employee annually.

Eligible child care costs are limited to services provided by child care centers or group child care homes as defined in Connecticut General Statutes section 19a-77.

Employers cannot claim the tax credit for the same child care cost payment under any other provision of state tax law.

Employers must provide documentation to the Commissioner of Revenue Services in the form and manner prescribed by the commissioner to claim the credit.