Alabama lawmakers approve tax breaks for businesses that help employees afford child care
Time:2024-05-08 14:30:25 Source:businessViews(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.
Previous:Boy Scouts of America changing name to more inclusive Scouting America after years of woes
Next:Investing in China is a superior option for multinationals
You may also like
- Illegal migrants cost the taxpayer £14 billion every year, says former minister Dame Andrea Jenkyns
- 2025 Asian Winter Games to Highlight Environmental Protection, Technology
- College Students in Hebei Send Love, Warmth to Rural Children in Winter Vacation
- Sydney attack victims include a mother who saved her baby, a Chinese grad student and an architect
- Pope Francis appoints new bishop in Tennessee after former bishop's resignation under pressure
- Chinese Publishers Examine AI Potential at London Book Fair
- China Launches Student Safety Education Campaign
- Israel withdraws all ground troops except for one brigade from southern Gaza: media reports
- Ukraine says it foiled Russian plot to assassinate Zelenskyy