Alabama lawmakers approve tax breaks for businesses that help employees afford child care
Time:2024-05-08 13:58:43 Source:travelViews(143)
MONTGOMERY, Ala. (AP) — Alabama lawmakers on Tuesday gave final approval to legislation to provide state tax breaks to businesses that help their employees afford childcare.
The Alabama Senate voted 31-0 for the bill that now goes to Gov. Kay Ivey for her signature. Supporters said that childcare costs are a barrier for many parents considering returning to the workforce. House Minority Leader Anthony Daniels said the goal is to help families afford childcare and to help businesses that are struggling to find workers.
“It gets workers back into the workforce,” said Republican Sen. Garlan Gudger of Cullman during the Senate debate.
The bill would set aside $15 million in tax credits that could be claimed by companies that provide childcare stipends, on-site day care or reserved spots at licensed facilities. The tax credit program would begin in 2025 and end on Dec. 31, 2027. After evaluating the cost and effectiveness of the program, lawmakers could choose to extend the tax credit.
You may also like
- Xi Meets Lebanese PM on Ties
- Alibaba to invest $640m in HK's entertainment industry
- Creations of Fendi Autumn/Winter 18/19 women collection presented in Milan
- App stores remove 'loan shark' mobile app
- Xi Holds Talks with European Council President
- Xiong'an eyes hub of innovation, startups
- Once Upon a Springtime flower show held in Macy's in New York
- China unveils plan to promote trade
- Asian, African Diplomats in China Mourn Former Chinese Leader Jiang Zemin