CT SB00092

Establishes a tax credit for employers making payments toward eligible child care costs for qualified employees, effective for income years beginning January 1, 2022.

Credit equals 50% of payments made by employers for eligible child care costs, with a maximum of $2,500 per qualified employee per income year.

Eligible child care costs are expenses for services provided by a child care center or group child care home; qualified employees must work and reside in Connecticut.

Employers claiming this credit cannot claim any other tax credit under Connecticut law for the same child care payment.

Employers must provide documentation as required by the Commissioner of Revenue Services in the prescribed form and manner.