TX HB3011

Creates a franchise tax credit for businesses that make child-care contributions to employees for use at licensed child-care facilities or family homes, excluding regular wages or compensation

Caps the credit at $3,600 per child when calculating the total contribution amount, with unused credits eligible to be carried forward for up to five consecutive reporting periods

Limits total credits awarded statewide to $25 million per fiscal year, with the comptroller allocating available credits on a pro rata basis among applicants

Allows businesses to sell or assign all or part of their credits to other taxable entities, with no limit on the number of transfer transactions, provided joint written notice is submitted to the comptroller within 30 days

Takes effect January 1, 2026, applying to franchise tax reports originally due on or after that date