Employer’s Credit for Providing or Sponsoring Child Care for Employees
On this page find information and instructions for claiming the Employer’s Credit for Providing or Sponsoring Child Care for Employees.
- Tax Credit Code: 105
Summary
Employers who provide or sponsor child care for employees are eligible for a tax credit of up to 75% of the employers’ direct costs. The credit may not exceed 50% of the taxpayer’s total state income tax liability for the taxable year. Any credit claimed but not used in any taxable year may be carried forward for five years from the close of the taxable year in which the cost of the operation was incurred.
How to Claim this Credit
This credit should be claimed on Form IT-CCC75.
Relevant Links: Retraining Tax Credit
Revenue Regulation 560-7-8-.38
Form IT-CCC75 Tax Credit for Cost of Operations