Corporations providing or paying for licensed child care services for employees’ children under 12 years of age may deduct 30 percent of eligible expenses from their corporate income tax liability for the taxable year in which the expenses occur. For a company operating a value-added day care center for its employees, this credit reduces the cost to provide this benefit to employees. The corporate income tax credit is 30 percent of eligible costs up to $30,000 in any taxable year. Unused credit amounts may be carried forward for three years.