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Bill

A 2393

Increases the aggregate funds available for the child care tax credit

2025 Regular Session Introduced by Joe Angelino and 24 co-sponsors

Bill A 2393 boosts funding for the child care tax credit, making child care more affordable for families and supporting workforce participation and economic growth.

REFERRED TO WAYS AND MEANS
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Bill Summary · A 2393

Summary of Bill A 2393

Bill Overview

  • Bill Number: A 2393
  • Title: Increases the aggregate funds available for the child care tax credit
  • Status: Referred to Ways and Means
  • Introduced On: January 16, 2025
  • Classification: Bill

Purpose and Intent

The primary purpose of Bill A 2393 is to increase the total amount of funds allocated for the child care tax credit. This initiative aims to provide greater financial support to families, making child care more affordable and accessible. By enhancing the child care tax credit, the bill seeks to alleviate the financial burden on parents and guardians, thereby promoting workforce participation and economic stability.

Key Provisions

  • Increased Funding: The bill proposes an increase in the aggregate funds available for the child care tax credit. Specific dollar amounts or percentages for the increase have not been detailed in the current version of the bill.
  • Eligibility Criteria: While the bill does not specify changes to eligibility criteria in the provided information, it is common for such legislation to consider income thresholds and family size in determining eligibility for tax credits.
  • Implementation Timeline: The bill is currently in the early stages of the legislative process, having been referred to the Ways and Means Committee for further consideration.

Impact

  • Affected Parties: The primary beneficiaries of this bill would be families with children who utilize child care services. By increasing the child care tax credit, the bill aims to support working parents, particularly those in lower to middle-income brackets.
  • Economic Implications: By making child care more affordable, the bill could encourage more parents to enter or remain in the workforce, potentially boosting overall economic productivity and growth.

Legislative Context

  • Related Bills:
    • A 9245: A prior-session bill that may have addressed similar issues regarding child care funding and tax credits.
    • S 967: A companion bill in the Senate, which may parallel the provisions of A 2393 and could facilitate a more comprehensive approach to child care funding.

Next Steps

As of now, Bill A 2393 has been referred to the Ways and Means Committee, where it will undergo further review and discussion. Stakeholders and interested parties may wish to monitor the progress of the bill as it moves through the legislative process.

This summary provides a clear and concise overview of Bill A 2393, highlighting its purpose, key provisions, and potential impact on families and the economy.

Compiled from official sources — confirm details with the bill’s official record.

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