1 New Paragraphs; Business Profits Tax; Credits. Amend RSA 77-A:5 by inserting after paragraph XVII the following new paragraphs:

XVIII. There shall be allowed an on-site child care services tax credit, according to the following:

(a) The credit shall be equal to 20 percent of qualifying expenditures tied to running on-site or nearby child care services for employees, up to $100,000 per fiscal year.

(b) The department of health and human services shall establish rules, pursuant to RSA 541-A, to determine what expenditures are "qualifying expenditures" and what the fair market value of such expenditures for purposes of calculating the credit under this paragraph.

(c) An eligible business shall have its child care service facility housed within the business' main building, inside a shared building where both the business and child care facility are located, or in separate buildings within the same office or industrial park.

(d) Unused tax credits may be rolled over into the next fiscal year, for up to 4 years. Older credits shall be rolled over first.

(e) A business that receives a credit under this paragraph shall be required to pay back all credits received if it closes a child care facility within 3 years of receiving a credit and continues to maintain its primary business operations at the same address.

(f) The department of revenue administration may waive the recapture of credits awarded under subparagraph (e) in cases of business sales or estate transfers of business assets. The department may establish rules, pursuant to RSA 541-A, regarding the waiver of the recapture of credits awarded under subparagraph (e) in other circumstances as it sees fit.

(g) Any business that shares a child care facility and seeks to claim the credit under this paragraph shall provide proof of a qualifying contractual agreement of the use of the shared facility to the department prior to claiming the credit under this paragraph. A qualifying contractual agreement shall include clauses regarding credit recapture in cases of contract dissolution or the cessation of child care facility services.

XIX. There shall be allowed a "parent hours" tax credit, according to the following:

(a) The credit shall be equal to 20 percent of the cost of health care benefits, up to $10,000 per fiscal year per employee, conferred to each eligible employee.

(b) As used in subparagraph (a), "eligible employee" means an employee with at least one dependent whose working hours fall entirely between 9:00 a.m. and 3:00 p.m. on weekdays.

2 Effective Date. This act shall take effect July 1, 2027.

1 New Paragraphs; Business Profits Tax; Credits. Amend RSA 77-A:5 by inserting after paragraph XVII the following new paragraphs:

XVIII. There shall be allowed an on-site child care services tax credit, according to the following:

(a) The credit shall be equal to 20 percent of qualifying expenditures tied to running on-site or nearby child care services for employees, up to $100,000 per fiscal year.

(b) The department of health and human services shall establish rules, pursuant to RSA 541-A, to determine what expenditures are "qualifying expenditures" and what the fair market value of such expenditures for purposes of calculating the credit under this paragraph.

(c) An eligible business shall have its child care service facility housed within the business' main building, inside a shared building where both the business and child care facility are located, or in separate buildings within the same office or industrial park.

(d) Unused tax credits may be rolled over into the next fiscal year, for up to 4 years. Older credits shall be rolled over first.

(e) A business that receives a credit under this paragraph shall be required to pay back all credits received if it closes a child care facility within 3 years of receiving a credit and continues to maintain its primary business operations at the same address.

(f) The department of revenue administration may waive the recapture of credits awarded under subparagraph (e) in cases of business sales or estate transfers of business assets. The department may establish rules, pursuant to RSA 541-A, regarding the waiver of the recapture of credits awarded under subparagraph (e) in other circumstances as it sees fit.

(g) Any business that shares a child care facility and seeks to claim the credit under this paragraph shall provide proof of a qualifying contractual agreement of the use of the shared facility to the department prior to claiming the credit under this paragraph. A qualifying contractual agreement shall include clauses regarding credit recapture in cases of contract dissolution or the cessation of child care facility services.

XIX. There shall be allowed a "parent hours" tax credit, according to the following:

(a) The credit shall be equal to 20 percent of the cost of health care benefits, up to $10,000 per fiscal year per employee, conferred to each eligible employee.

(b) As used in subparagraph (a), "eligible employee" means an employee with at least one dependent whose working hours fall entirely between 9:00 a.m. and 3:00 p.m. on weekdays.

2 Effective Date. This act shall take effect July 1, 2027.