HI SB2905

Establishes an income tax credit equal to 25% of qualified costs for employers who create on-site early childhood facilities, with specific dollar amount caps to be filled in (individual taxpayer cap and total annual cap per fiscal year)

Requires employers to submit annual sworn statements to the Department of Human Services documenting qualified costs within 90 days of each taxable year end

Department of Human Services must certify facilities as meeting quality standards including provision of child care through junior kindergarten programs, employee participation rates, program quality, and workplace environment benefits

Facilities must maintain operations for a minimum of 10 years or face recapture of all claimed credits (100% of total tax credits from preceding 10 years), with exceptions for reasonable cause such as natural disasters or business closure

Creates one full-time coordinator position in the Executive Office on Early Learning and appropriates unspecified funds for fiscal year 2018-2019 to assist with licensure, accreditation, and facility design of employer-sponsored early childhood facilities