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:
Related suggestion:
Cambodian PM to attend 4th LancangIraqi president visits Cyprus for 1st timeIn politically riven Pennsylvania, primary voters will pick candidates in presidential contest yearIraqi president visits Cyprus for 1st timeWHO chief warns no functional hospital exists in north GazaOutlook for China's energy transition released at COP28Chinese border port Hunchun's cargo volumes set record high in Q1Japan looks into Tokyo airport crash, over 300 flights canceledChina unveils new measures to streamline foreign exchange business processesU.S. CDC concerned about salmonella outbreak linked to cantaloupes
2.382s , 6497.75 kb
Copyright © 2024 Powered by Alabama lawmakers approve tax breaks for businesses that help employees afford child care ,Stellar Saga news portal