MI HB5380

Allows taxpayers to claim a credit equal to 50% of expenses paid to provide a child care center for employees at their work site, effective for tax years beginning after December 31, 2017.

Eligible expenses include compensation for child care providers, supplies and equipment used for child care, and construction, maintenance, or repair costs for the child care center.

Credit is calculated by subtracting all payments received from parents or other sources for child care services from the total eligible expenses.

Unused credit amounts may be carried forward as an offset to tax liability for up to 10 subsequent tax years until the credit is fully used.

Defines "child care center" as a facility licensed under Michigan's child care licensing law (1973 PA 116, MCL 722.111 to 722.128).