Alabama lawmakers approve tax breaks for businesses that help employees afford child care
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
Greg Norman and Phil Mickelson make for an interesting week on LIV Golf
LIV Golf had another active week before and after Brooks Koepka won in Singapore for his first title2024-05-08More air routes using homegrown aircraft C919
The third regular flight route conducted by China's first self-developed narrow-body aircraft C919 w2024-05-08CRCC equipment renewal campaign spurring growth of circular economy
A heavyweight in China's infrastructure construction sector, China Railway Construction Corp expects2024-05-08- Viking Cruises is planning to introduce multiple inbound cruise routes for foreign visitors this fal2024-05-08
Biden hosts Romanian leader at the White House to celebrate NATO partnership
WASHINGTON (AP) — President Joe Biden hosted Klaus Iohannis, the president of Romania, on Tuesday at2024-05-08China's auto exports cruising in top gear
China's auto exports maintained fast growth momentum, with a year-on-year increase of more than 30 p2024-05-08
atest comment