New Hampshire childcare providers skeptical of business tax credit program's ability to expand capacity
By
Maya Mitchell
Hand-rolled, kettle-boiled, baked to perfection. Worth every minute at the bakery.
Summary
New Hampshire's House Bill 1433 creates a Child Day Care Tax Credit Program allowing businesses to receive tax credits for creating 12+ new childcare spots or funding existing programs to expand. While Governor Kelly Ayotte and business leaders celebrate the bill's passage as a solution to childcare shortages, childcare providers express skepticism that the tax credit will meaningfully increase capacity, citing concerns about the program's structure and whether it addresses the root causes of limited childcare availability.
Key quotes
· 3 pulledHowever, childcare providers say they are skeptical the bill will increase capacity as intended.
New Hampshire Gov. Kelly Ayotte and business leaders celebrated the passage of the Child Day Care Tax Credit Program in the Legislature this month.
House Bill 1433 creates the program, which would allow businesses to become eligible for a tax credit if they expand childcare by creating 12 or more new spots or pay an existing childcare program to do so.
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