Missouri House Bill HB215

Missouri 2025 Regular Session

• Introduced: 1/8/25
• Refer: 5/15/25

Caption

Authorizes the "Child Care Contribution Tax Credit Act", the "Employer-Provided Child Care Assistance Tax Credit Act", and the "Child Care Providers Tax Credit", relating to tax credits for child care

Impact

If passed, HB215 will significantly impact state tax policies by establishing numerous tax credits related to child care expenses. It is designed to alleviate the financial burden on families while motivating employers to provide assistance for their employees' child care needs. The effects of these tax credits could lead to increased access to child care services for families across the state, potentially improving early child development outcomes and encouraging more parents to enter or remain in the workforce.

Summary

House Bill 215 introduces several tax credit initiatives aimed at enhancing child care support, including the 'Child Care Contribution Tax Credit Act', 'Employer-Provided Child Care Assistance Tax Credit Act', and the 'Child Care Providers Tax Credit'. This legislative proposal seeks to promote the availability and affordability of child care services by incentivizing employers and child care providers through financial benefits. The bill recognizes the crucial role of child care in supporting families and enhancing workforce participation, particularly for working parents.

Contention

There may be points of contention surrounding the fiscal implications of the proposed tax credits, particularly in how they may affect state revenue. Critics might express concerns that large-scale tax credits could lead to a reduction in state funding for essential programs, suggesting that child care support should not come at the expense of other critical services. Additionally, discussions on the effectiveness of tax incentives versus direct funding for child care services could emerge, with proponents arguing that this approach fosters private-sector involvement, while opponents advocate for a more direct investment in child care funding.