On-Site Day Care Privatization Act - Amends the Internal Revenue Code to allow an income tax credit to employers for the expenses of establishing and operating an on-site dependent care facility. Sets the amount of such credit at 15 percent of the expenses paid by an employer during the first year of operation of such a facility and ten percent of the wages paid to individuals performing dependent care services during the second year of operation of such a facility.
Introduced in Senate
Read twice and referred to the Committee on Finance.
Committee on Finance requested executive comment from OMB, Treasury Department.
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