Test Drive Our New Site! We have some improvements in the works that we're excited for you to experience. Click here to try our new, faster, mobile friendly beta site. We will be maintaining our current version of the site thru mid 2025, so you can switch back as our improvements continue.
Legislation Quick Search
Advanced Search
Pennsylvania State Senate
12/06/2024 03:10 AM
Pennsylvania State Senate
https://www.legis.state.pa.us/cfdocs/Legis/CSM/showMemoPublic.cfm?chamber=S&SPick=20130&cosponId=9951
Share:
Home / Senate Co-Sponsorship Memoranda

Senate Co-Sponsorship Memoranda

Subscribe to PaLegis Notifications
NEW!

Subscribe to receive notifications of new Co-Sponsorship Memos circulated

By Member | By Date | Keyword Search


Senate of Pennsylvania
Session of 2013 - 2014 Regular Session

MEMORANDUM

Posted: December 11, 2012 04:13 PM
From: Senator Judith L. Schwank
To: All Senate members
Subject: Tax incentive for dependent care
 
I will shortly re-introduce SB 1431, providing a small business tax credit to assist in day care coverage for employees’ dependents.
Under my proposal, businesses with 50 employees or fewer would be given a tax credit of 20 percent for expenses they incur in providing or assisting to provide day care to employees for their children under 12 and their adult dependents (parents, spouses and children with a qualifying disability).
The annual credit would be capped at $ 5 million. Companies would be able to carry unused credits over for up to 15 years.
Co-sponsors in the previous session included Senators Boscola, Brewster, Costa, Erickson, Farnese, Ferlo, Fontana, Hughes, Kitchen, Kasunic, Leach, Solobay, Stack, Tartaglione, Washington, Williams and Yudichak.


Introduced as SB219