Establishes child care contribution tax credit to employers subject to CBT or GIT for certain child care expenses for children of employees.

This bill creates a tax credit for New Jersey employers who provide child care for their employees' children. Employers subject to New Jersey's Corporation Business Tax or Gross Income Tax can claim a credit equal to 50% of eligible expenses (up to $100,000 annually), including costs for on-site child care centers, third-party child care services, or subsidies for employee child care. The total value of all credits issued under this bill cannot exceed $10 million in any tax year. To qualify, employers must use facilities primarily for their employees' children and meet state licensing standards for child care centers. The bill also requires annual reporting on the program's impact on child care availability and employee satisfaction.