Provides corporation business tax and gross income tax credits for certain employer-provided child care expenditures.

This New Jersey bill (A974) provides tax credits to businesses for certain child care expenses. Businesses can claim a 50% credit against corporation business tax or gross income tax for costs related to building, improving, or operating child care centers primarily serving employees' children, or for providing child care information and referral services (10% credit). To qualify, facilities must be licensed by the Department of Children and Families and open to employees' children without discriminatory selection processes. Businesses must enter into an agreement with the Division of Taxation to verify eligibility and commit to using the facility as a child care center for 60 consecutive months. The bill also allows businesses to sell tax credit transfer certificates (at minimum 75% of value) to other businesses with tax liabilities.