IL SB2277

Increases the tax credit for corporate taxpayers' child care start-up costs from 30% to 50% for taxable years ending on or after December 31, 2025

Raises the annual operating cost credit from 5% to 20% for employer-provided child care facilities

Expands eligible expenses to include on-site child care facilities, off-site child care arrangements, or a combination of both

Allows corporate taxpayers to coordinate with independent child care facilities to provide care for employees' children, in addition to operating their own or partnering with other corporations

Prohibits taxpayers from claiming both the employee child care credit (Section 210.5) and the dependent care assistance program credit (Section 210) in the same taxable year