The bilateral bill seeks to cope with the challenges of child care for the NA families – WRDW

Columbia, SC (WCSC) – In recent years, leaders in the State House of South Carolina have made coherent efforts for economic growth, including the development of the workforce.

But more and more companies say they have problems finding and retaining these workers largely because of the challenges of child care.

The new bilateral bill filed in the state senate aims to both stimulate South Carolina employers to help their workers with the presence and cost of raising children and encourage more people to open children’s centers and work in them.

“Children’s raising is the backbone of the Business Community and we believe that this legislation is a necessary step to deal with one of the main barriers to the participation of the workforce in South Carolina,” said Bailey Vinchet of the Chamber of Commerce during the hearing of the bill , S.47, Tuesday in Colombia.

The legislation has support from the members of the Business Community and the Care for Children in South Carolina, with several representatives from the two groups encouraging senators to progress it during a hearing on Tuesday, during which they were tested without voting afterwards.

In the end, the leading sponsor of the bill said it aims to help more working families do just that: work.

“Recognizing that we can’t just focus on business climate on infrastructure and things of this nature. This is a labor force, “said Senator Tom Davis, R – Borfort. “And so this tax loan -raising legislation will mobilize our workforce and open doors to many young parents.”

There are already tax loans to stimulate employers in South Carolina, which create a child care program for their employees, operating a children’s office for employees, or covering the costs of care for children in an external center.

According to the State Department of Revenue, these tax loans are not very widely used at the moment.

However, legislators believe that more employers would benefit from them if the loans were increased, which would significantly make this bill.

For employers who manage a children’s raising center or cover the cost of raising children in external centers, the current loan is for 50% of the payments made with up to $ 3,000 per employee, no matter how many children in this employee are enrolled in childcare.

This bill would expand this from $ 3,000 per employee to $ 12,000 per child.

In the meantime, employers who create a child care program for their employees may currently request a tax credit for 50% of the cost of starting a program limited to $ 100,000.

Davis’s bill will increase this to $ 1 million.

“By expanding the loan to $ 1 million, it becomes an economically viable business and secondly of all this is awareness and makes sure that businesses are aware of this specific loan,” Davis said.

The bill will create a new loan for income tax on the restoration of southern Carolini, who work full -time as a director or employee of the Center for Children’s Defend.

It will range from $ 1,500 to $ 3,000 based on the experience and level of human education.

“Part of the reason for the cost of raising children to be so high is that there is a limited number of facilities there,” says Senator Ed Sutton, D – Charleston and a bill of the bill. “So we also attack this problem on the side of capacity. The hope is to create more facilities, as well as to encourage workers who are in these facilities, to give them tax loans to enter this career area. “

If this bill becomes a law this year, these loans will be applied for tax years after 2024, with the employee income being occupied after 2030, if the General Assembly does not resolve it again.

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