La. Admin. Code tit. 28 § CLXV-709

Current through Register Vol. 50, No. 11, November 20, 2024

Section CLXV-709 - Business-Supported Child Care Facility Credits

A. Business Early Learning Center Expense Credit

1. In order for a business to claim this credit, the business must provide the Department of Revenue the following information: the name and Louisiana revenue tax identification number of the child care facility to or for whom the eligible expenses were paid or made, the amount and nature of qualifying expenses at each child care facility as defined in R.S. 17:407.33, and the child care facility's quality rating.

2. The department shall provide information necessary for the secretary of the Department of Revenue to determine and/or verify the child care facility's quality rating.

B. Payments and Donations to Child Care Resource and Referral Agencies

1. In order for a business to claim this portion of the business child care expense credit, the taxpayer must provide the Department of Revenue a receipt from the child care resource or referral agency for the amount of money the taxpayer paid and/or donated during the taxable year.

2. If the child care resource or referral agency is part of a larger charitable organization, only fees and/or donations made to the child care resource or referral agency division of that organization will qualify for this credit.

3. The department shall provide to the Department of Revenue a list of qualifying child care resource or referral agencies for each calendar year.

La. Admin. Code tit. 28, § CLXV-709

Promulgated by the Board of Elementary and Secondary Education and the Department of Revenue, LR 412118 (10/1/2015), Amended LR 481007 (4/1/2022).

AUTHORITY NOTE: Promulgated in accordance with R.S. 17:6(10), R.S. 47:287.785, R.S. 47:295, R.S. 47:1511, and R.S. 47:6103.