MI HB4182

Creates a tax credit for taxpayers who operate licensed child care centers for their employees at the work site, effective for tax years beginning after December 31, 2018.

Allows taxpayers to claim a credit equal to 50% of expenses paid for the child care center, minus any payments received from parents or other sources for child care services.

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

Unused credits may be carried forward for up to 10 tax years but cannot be refunded; excess credits can only offset future tax liability.

Applies only to child care centers licensed under Michigan's child care licensing law (1973 PA 116, MCL 722.111 to 722.128).