Relating to: a tax credit for employer-provided child care. (FE)

AB 369 creates a state tax credit for businesses that provide child care, allowing them to claim a credit equal to the federal employer-provided child care credit (under IRS Section 45F) on their state tax return. The credit applies to taxable years beginning after December 31, 2024, and directly affects businesses that already claim the federal credit. Key provisions require the state credit to match the federal amount claimed, prohibit claims for out-of-state child care expenses, and mandate adjustments if federal tax increases under Section 45F(d). This bill aligns state tax treatment with the federal credit system without changing the federal rules.