Child Care Property Tax Credit

Qualifications for the Child Care Property Tax Credit

The Child Care Property Tax Credit is eligible for companies that purchased property for the use of child care.

This includes the purchase of:

  1. Land
  2. Acquisition of a property
  3. Building improvements
  4. Furniture
  5. Fixtures and Equipment

The owner can receive a credit that equals 100% of the cost of the property.  This credit is claimed at 10% per year over a 10 year period.  If there are any unused credits, those can be carried forward up to 3 years, limited to 50% of the owner’s state income tax liability for the tax year.