HB 166 CHILD CARE ASSISTANCE GROSS RECEIPTS

Rep Micaela Lara Cadena

Actions: [2] HCEDC/HTRC-HCEDC [4] DP-HTRC

Scheduled: Not Scheduled

 House Bill 166 (HB 166) creates Gross Receipts Tax deductions for child care assistance by for-profit providers. 

 House Bill 166 (HB 166) creates Gross Receipts Tax (GRT) deductions for child care assistance and pre-kindergarten services by licensed for-profit pre-kindergarten providers.

Receipts earned from child care assistance services under a contract of grant with the Early Childhood Education and Care Department can be deducted from GRT.

Taxation and Revenue Department (TRD) must compile an annual report and analysis with information necessary to evaluate the effectiveness of the deductions. The report will be presented to relevant interim committees.

The effective date of HB 166 is July 1, 2024.