An Act to reduce tax burdens on family childcare providers

HD 1044 creates a $3,300 annual tax credit for family childcare providers, adjusted for inflation starting with the applicable tax year. The credit can be carried over to offset tax bills in the next three years if it exceeds the current year's tax liability. This directly affects providers who operate family childcare services as defined in Chapter 15D, Section 17 of the General Laws. The policy reduces their tax burden by allowing them to use the credit flexibly across multiple tax years.