Bill
S 968
Overview: S 968, Establishes a child care program capital improvement tax credit program, REFERRED TO CHILDREN AND FAMILIES, Introduced on March 11, 2025.Purpose and Intent: The bi
Overview: S 968, Establishes a child care program capital improvement tax credit program, REFERRED TO CHILDREN AND FAMILIES, Introduced on March 11, 2025.
Purpose and Intent: The bill aims to incentivize investments in child care facilities by establishing a tax credit program for capital improvements. The goal is to increase the availability and quality of child care options for families.
Key Provisions:
- Creates a refundable tax credit of up to 50% of qualified child care facility capital improvement expenses
- Eligible expenses include construction, renovation, expansion, or equipment purchases
- Tax credits can be claimed by child care providers, employers who provide on-site child care, and individuals who make improvements to their home-based child care businesses
- Imposes limits on the total annual tax credits available and per-project credit amounts
Affected Parties and Impacts: Child care providers, employers, and individuals operating home-based child care businesses would be able to claim the tax credits to offset the costs of facility upgrades and expansions. Families in need of child care services could benefit from increased availability and quality of care options.
Procedural and Timeline Considerations: The bill has been referred to the Senate Committee on Children and Families for consideration. If passed, the tax credit program would likely take effect in the next tax year, providing an ongoing incentive for child care facility improvements.
Compiled from official sources — confirm details with the bill’s official record.
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