Bill > SF2639

This bill establishes the licensed child care provider credit, which provides a 50% tax credit for the net tax owed on properties used to operate licensed day care or family day care programs. The bill requires the commissioner of human services to provide a list of licensed providers to each county annually, and the county auditors must certify the tax reductions to the commissioner of revenue, who will reimburse local taxing jurisdictions and school districts for the credits. The bill also amends existing laws to incorporate the new credit into the computation of net property taxes and the payment of school district credits. The effective date for this bill is taxes payable in 2024.