A bill to amend the Internal Revenue Code of 1986 to provide a credit for increasing wages paid to child care providers.

This bill would create a new federal business tax credit for employers that pay wages to child care workers at eligible child care facilities. The credit would equal 5 percent of those wages, or 7 percent if the facility is in a rural area. An eligible facility must care for at least 6 individuals, receive a fee, payment, or grant for the care, and follow state and local laws. Employers could choose to receive the credit as a direct payment, and wages used for this credit could not also count toward other credits in the same subpart. The credit would apply to tax years beginning after the bill becomes law.

Full text and official record on Congress.gov

Sponsors

• Mark R. Warner Democrat sponsor
• 1 cosponsors