# Small Business Child Care Investment Act

This bill creates a new tax credit program to help small business owners pay for child care services for their employees. Essentially, it's designed to make it easier and more affordable for small companies to offer child care benefits, which could help them attract and keep workers while reducing the financial burden on parents.

Here's how it works in practice: Small businesses that provide child care services to their employees—either by running their own on-site child care center, partnering with local child care providers, or offering subsidies to help workers pay for child care—can claim a tax credit on their federal taxes. This means they get money back or pay less in taxes based on what they spend on these child care programs. The credit essentially reimburses businesses for a portion of their child care investment, making it financially easier to offer this benefit.

Who benefits from this? Working parents get help accessing affordable child care, which is often one of their biggest expenses. Small business owners gain a competitive advantage in hiring and retaining employees, since child care support is an attractive benefit that can reduce employee turnover. Employees who might otherwise stay home because child care costs are too high can return to work. The broader economy benefits because more parents—particularly mothers—can participate in the workforce.

The bill recognizes that child care is a major barrier to employment for many families and that small businesses often can't afford to offer this benefit without financial help. By using the tax system to subsidize child care programs, the legislation aims to make it more practical for small companies to support their workers' families while strengthening their own ability to recruit and keep talented employees.

Small Business Child Care Investment Act

Rosen, Jacky

Small Business Child Care Investment Act This bill deems certain nonprofit child care providers to be small business concerns so that they may participate in loan programs administered by the Small Business Administration.