§6107. Business-supported child care
A.(1) There shall be a refundable credit against any Louisiana individual or
corporation income tax or corporation franchise tax for the eligible business child care
expenses supported by a business. The credit shall be the following percentages of such
eligible business child care expenses depending upon the quality rating of the child care
facility to which the expenses are related or the quality rating of the child care facility the
child attends:
Quality Rating of Child Care Facility Percentage of eligible business
child care expenses
Five star 20%
Four star 15%
Three star 10%
Two star 5%
One star or nonparticipating facility 0
(2) There shall be an additional refundable credit against any Louisiana individual
or corporation income tax or corporation franchise tax for the payment by a business of fees
and grants to child care resource and referral agencies not to exceed five thousand dollars per
tax year.
B. The credits provided for in this Section shall be allowed against income tax or
corporate franchise tax for the taxable period in which the credit is earned. If the tax credit
exceeds the amount of such taxes due, then the unused credit shall be refunded as provided
for in R.S. 47:6108.
C. Commencing no later than January 31, 2016, the House Committee on Ways and
Means and the Senate Committee on Revenue and Fiscal Affairs shall review the credit
authorized pursuant to the provisions of this Section to determine if the economic benefit
provided by such credit outweighs the loss of revenue realized by the state as a result of
awarding such credit. The House and Senate committees shall make a specific
recommendation no later than March 1, 2017, to either continue the credit or to terminate the
credit.
Acts 2007, No. 394, §1, eff. July 10, 2007; Acts 2015, No. 357, §1, eff. June 29,
2015.