New tax credit aims to alleviate New Hampshire childcare access crisis

New tax credit aims to alleviate New Hampshire childcare access crisis

On July 2, Gov. Kelly Ayotte signed H.B. 1433 into law, creating a tax credit for "qualifying" childcare facilities in the state that "create or expand" seats. The credit - which will apply to businesses that create seats after Jan. 1, 2027 - will be equal to 50% of the company's total claimed expenditures for "constructing, rehabilitating, renovating or expanding property" for its childcare facilities.The bipartisan law comes amid a shortage of…