HB 1412: Child day-care facility investment and child day-care expense reimbursement; income tax credits.

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

Child day-care facility investment and child day-care expense reimbursement tax credits. Reinstates, beginning January 1, 2027, the day-care facility investment tax credit previously deemed obsolete. The bill allows a taxpayer to claim a nonrefundable income tax credit for 25 percent of amounts incurred for eligible child day-care expenses of the taxpayer's employees that are either paid directly by the taxpayer or reimbursed by such taxpayer to the taxpayer's employees during the taxable year. The bill also increases from $25,000 to $50,000 the amount a taxpayer may claim a credit for establishing a child day-care facility in taxable years beginning on and after January 1, 2027. Finally, the bill provides that approval of applications for the credits shall be limited to those that are assumed to result in no more than $5 million of credits in any fiscal year. Under current law, such limit is $100,000.

Sponsors

Sponsors by party (alphabetical): Republican 1

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

1. February 18, 2026Left in Finance
2. February 2, 2026Subcommittee recommends laying on the table (7-Y 3-N)
3. February 1, 2026Fiscal Impact statement From TAX (2/1/2026 4:07 pm)
4. January 22, 2026Referred to Committee on Finance
5. January 22, 2026Presented and ordered printed 26105244D