Business & Tech
Chesco Chamber Hails Childcare Tax Credit Law
The new law provides an increase in tax credits to working families and employers.
MALVERN, PA – The Chester County Chamber of Business and Industry partnered with over 50 other business organizations, the state General Assembly, and Governor Shapiro's administration in support of the Child and Dependent Care Enhancement Tax Credit.
The new law signed into law by Governor Josh Shapiro on Dec. 13, expands the tax credit to support both working families and employers.
A family with two kids in childcare who previously received $630 will now be eligible to receive $2100, under the new law.
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“As a soon-to-be mom of two, I'd like to thank Representative Melissa Shusterman and her colleagues in the General Assembly for their work on ensuring the Childcare Tax Credit was part of the budget code bills finalized last week.” Laura Manion, president of the Chesco Chamber of Business, said Monday.
“Our chamber was proud to partner with her on this initiative to help working families and businesses. This is a monumental win for both employees and employers across Pennsylvania.”
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Shusterman, a Chester County Democrat, said she is proud of the push to elevate this legislation because it means substantial cash in the pockets of working parents.
“As a working mother who relied on year-round childcare, a tax credit like this would have made tax time more bearable – to know that the state and lawmakers were acknowledging my struggles and helping mothers like me to ease the burden of the high cost of quality childcare,” Shusterman said.
“Childcare not only affects families, it affects our economy as well,” Sen. Tracy Pennycuick, a Montgomery County Republican, said. “The number one issue I hear from businesses is finding employees, and childcare is a critical hurdle that prevents many from entering or staying in the workforce."
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