Bill > SF1551

This bill establishes a property tax credit for licensed in-home child care providers in Minnesota. Specifically, the bill creates a new section in Minnesota Statutes that allows a 50% property tax credit for eligible properties used to operate a family day care or group family day care program. The credit will be reimbursed to local taxing jurisdictions, including school districts, by the state. The bill also makes related amendments to existing statutes to incorporate the new licensed in-home child care provider credit. The provisions of this bill are effective beginning with taxes payable in 2024.