The School Readiness Tax Credits are a package of refundable state tax credits designed to support quality child care. Some of these state tax credits are available to businesses and are NOT dependent on whether the business owes state income or corporate franchise taxes. Furthermore, the credits are available for both for-profit and non-profit businesses.
A donation to a child care resource and referral agencies (CCR&R) is matched annually by a dollar-for-dollar refundable tax credit up to $5,000 for donations made. These donations support the purchase of materials for children to play with and learn from, important training and professional development for early learning staff, and other investments in young children.