MO HB2409

Creates three new tax credits effective January 1, 2027: a 75% credit for contributions to child care providers/intermediaries (Child Care Contribution Tax Credit), a 30% credit for employer child care expenditures (Employer Provided Child Care Assistance Tax Credit), and a credit for child care providers based on employer withholding taxes plus up to 30% of capital expenditures (Child Care Providers Tax Credit)

Caps each of the three tax credit programs at $20 million annually, with a 15% increase available when caps are reached if reserved for child care deserts (high-poverty or low-income census tracts with limited child care access)

Limits individual tax credits to $200,000 per taxpayer per year for each program, with minimum credits of $100 for the contribution credit and $1,000 in capital expenditures for the provider credit

Tax credits are non-refundable and non-transferable for most taxpayers, but 501(c)(3) organizations may receive refunds; unused credits may be carried forward up to six succeeding tax years

All three programs sunset six years after the effective date unless reauthorized by the General Assembly