HF 2290: Providing small businesses with income, franchise, moneys and credits, and gross premiums tax credits for providing child care benefits to employees of the small business, and including applicability date provisions

What it does

This bill provides small businesses with income, franchise, moneys and credits, and gross premiums tax credits for providing child care benefits to employees of the small business. The bill defines “small business” to mean any enterprise which is located in this state, which is operated for profit and under a single management, and which has either fewer than employees or an annual gross income of less than $4 million computed as the average of the three preceding fiscal years. The child care employee benefits include the following: building or rehabilitating an existing structure at or near the small business as a child care center for employee use, or operating or leasing a child care center for children of employees to attend at or near the small business.

House subcommittee · named February 10, 2020

• Rep. Chris Hagenow (R)
• Rep. Lee Hein (R)
• Rep. Dave Jacoby (D) · david.jacoby@legis.iowa.gov

Lobbying · 3 for, 0 against

For: Iowa Business Council; Iowa Conference of United Methodist Church; United Way of Central Iowa

In plain words

1. February 7, 2020Filed in the House and sent to the Ways and Means committee
2. February 10, 2020House subcommittee named: Hagenow, Hein and Jacoby