business

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

Font size+Author:Global Gist news portalSource:sport2024-05-08 13:30:51I 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
  • Mississippi ex

    Mississippi ex

    2024-05-08 13:11

  • China's largest saltwater lake sees more water birds

    China's largest saltwater lake sees more water birds

    2024-05-08 12:58

  • Rep. Marjorie Taylor Greene vows to force a vote next week on ousting House Speaker Mike Johnson

    Rep. Marjorie Taylor Greene vows to force a vote next week on ousting House Speaker Mike Johnson

    2024-05-08 12:03

  • China's rifle and pistol team finalizes roster for Paris 2024

    China's rifle and pistol team finalizes roster for Paris 2024

    2024-05-08 11:57

Netizen comments