Regulations of Connecticut State Agencies (Last Updated: June 14,2023) |
Title17 Public Assistance and Welfare Services |
SubTitle17-615-1_17-615-10. Child Day Care Business Firm Tax Credits |
Sec.17-615-3. Program description
Latest version.
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The Child Day Care Tax Credit program provides financial assistance to business firms as a benefit for helping employees pay the cost of child care. Business firms may receive tax credits of fifty (50%) percent of the amount spent to subsidize employees' child care costs during the tax year. The child care may be in any one of the following situations: licensed group day care home or center; registered family day care home; or care in the child's home or in a relative's home.
(Effective October 2, 1991)