world

Alabama lawmakers approve tax breaks for businesses that help employees afford child care

Font size+Author:Culture Connection news portalSource:business2024-05-08 15:10:25I want to comment(0)

MONTGOMERY, Ala. (AP) — Alabama lawmakers on Tuesday gave final approval to legislation to provide s

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.

Related articles
  • Nets edge Raptors to snap six

    Nets edge Raptors to snap six

    2024-05-08 14:44

  • Hong Kong marks key education day on safeguarding national security

    Hong Kong marks key education day on safeguarding national security

    2024-05-08 14:17

  • House Speaker Mike Johnson leaves uncertain his plan to advance aid for Israel and Ukraine

    House Speaker Mike Johnson leaves uncertain his plan to advance aid for Israel and Ukraine

    2024-05-08 13:49

  • Sabalenka to face good friend Badosa in Stuttgart opener

    Sabalenka to face good friend Badosa in Stuttgart opener

    2024-05-08 13:35

Netizen comments