Connecticut 2021 Regular Session

Connecticut Senate Bill SB00092 Compare Versions

Version 1 (Old)

Version 2 (New)

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3		-	~~LCO 2646 \\PRDFS1\SCOUSERS\FORZANOF\WS\2021SB-00092-R02-~~
4		-	~~SB.docx~~
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7	7		General Assembly Committee Bill No. 92
8	8		January Session, 2021
9	9		LCO No. 2646
10	10
11	11
12	12		Referred to Committee on COMMITTEE ON CHILDREN
13	13
14	14
15	15		Introduced by:
16	16		(KID)
17	17
18	18
19	19
20	20		AN ACT ESTABLISHING A TAX CREDIT FOR EMPLOYERS THAT
21	21		MAKE PAYMENTS TOWARD CHILD CARE COSTS OF EMPLOY EES.
22	22		Be it enacted by the Senate and House of Representatives in General
23	23		Assembly convened:
24	24
25	25		Section 1. (NEW) (Effective July 1, 2021, and applicable to income years 1
26	26		commencing on or after January 1, 2022) (a) As used in this section: 2
27	27		(1) "Eligible child care cost" means the expense incurred by a qualified 3
28	28		employee for child care services provided by a child care center or group 4
29	29		child care home, as such terms are described in section 19a-77 of the 5
30	30		general statutes; and 6
31	31		(2) "Qualified employee" means any person who works and resides 7
32	32		in the state. 8
33	33		(b) (1) For income years commencing on or after January 1, 2022, an 9
34	34		employer that makes a payment to or on behalf of a qualified employee 10
35	35		for an eligible child care cost of such qualified employee may claim a 11
36	36		credit against the tax imposed under chapter 207 or 208 of the general 12
37		-	statutes. Such credit shall be equal to fifty per cent of the amount of the 13 Committee Bill No. 92
	37	+	statutes. Such credit shall be equal to fifty per cent of the amount of the 13
	38	+	payment made during the income year by such employer for an eligible 14
	39	+	child care cost and shall not exceed two thousand five hundred dollars 15
	40	+	Committee Bill No. 92
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39	42
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41		-	R02-SB.docx }
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44		-	payment made during the income year by such employer for an eligible 14
45		-	child care cost and shall not exceed two thousand five hundred dollars 15
46	45		for each qualified employee for whom such employer makes such 16
47	46		payment. An employer claiming a credit under this section shall not 17
48	47		claim any other credit against the employer's tax liability under any 18
49	48		provision of the general statutes for the same payment of an eligible 19
50	49		child care cost. 20
51	50		(2) An employer may claim the credit under subdivision (1) of this 21
52	51		subsection for a payment made during the part of the income year that 22
53	52		the qualified employee worked and resided in the state, provided a 23
54	53		qualified employee who worked and resided in the state for any part of 24
55	54		a month shall be deemed to have worked and resided in the state for the 25
56	55		entire month. 26
57	56		(c) An employer that claims the credit under subsection (b) of this 27
58	57		section shall provide any documentation required by the Commissioner 28
59	58		of Revenue Services in a form and manner prescribed by the 29
60	59		commissioner. 30
61	60		This act shall take effect as follows and shall amend the following
62	61		sections:
63	62
64	63		Section 1 July 1, 2021, and
65	64		applicable to income years
66	65		commencing on or after
67	66		January 1, 2022
68	67		New section
69	68
70		-	KID Joint Favorable C/R FIN
	69	+	Statement of Purpose:
	70	+	To provide a tax credit to employers that make payments for the child
	71	+	care costs of employees who reside in the state.
	72	+	[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except
	73	+	that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not
	74	+	underlined.]
	75	+
	76	+	Co-Sponsors: SEN. ANWAR, 3rd Dist.
	77	+
	78	+	S.B. 92
71	79