A new law to create a tax credit program for companies that invest in childcare for their workforce is headed to Governor Kelly Ayotte’s desk following a bipartisan vote in the New Hampshire Senate. Today, Governor Ayotte celebrated the bill’s passage and thanked Senators for supporting a commonsense solution to increase access to childcare and support business growth.

“New Hampshire is the best place to live, work, and raise a family, and we must work together to address the rising cost of childcare in order to keep it that way,” said Governor Ayotte. “I’m thrilled to see bipartisan legislation creating a tax credit for businesses that invest in childcare coming to my desk. I am grateful to members of the House and Senate from both parties who came together to get this done for Granite State families. Working with our business community, we will continue to expand access to affordable childcare.”

House Bill 1433 establishes the Child Day Care Creation tax credit, which can be applied to the Business Enterprise Tax (BET) and the Business Profits Tax (BPT). To be eligible for the credit, a business must be a licensed program, expand or create seats that were not available prior to January 1, 2027, and successfully apply for and be approved for the credit by the Department of Revenue Administration.

“New Hampshire’s business community is proud to be a part of the solution to some of our state’s most pressing economic challenges, and increasing access to affordable childcare is top of mind for employers throughout the Granite State,” said Mike Skelton, President of New Hampshire’s Business and Industry Association. “We’re glad to see a childcare tax credit for businesses headed to Governor Ayotte’s desk. By incentivizing more businesses to invest in childcare for their workforce, we’re ensuring New Hampshire remains the best place for businesses to grow and families to thrive.”