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AK SB171

AK SB171
Child Care Assistance; Tax Credits


summary

Introduced
04/14/2025
In Committee
04/14/2025
Crossed Over
Passed
Dead

Introduced Session

34th Legislature

Bill Summary

An Act relating to the insurance tax education credit; relating to the income tax education credit; relating to the oil or gas producer education credit; relating to the property tax education credit; relating to the mining business education credit; relating to the fisheries business education credit; relating to the fisheries resource landing tax education credit; renaming the day care assistance program the child care assistance program; relating to the child care assistance program and the child care grant program; and providing for an effective date.

AI Summary

This bill implements several changes to Alaska's child care assistance programs and related tax credits. The bill renames the "day care assistance" program to the "child care assistance" program and modifies various aspects of child care support and funding. Key provisions include expanding tax credits for businesses that support child care, increasing the maximum allowable tax credit from $3 million to $10 million, and making several technical changes to how child care assistance is administered. The bill removes some previous restrictions on income eligibility and grants, and adds provisions to support child care facilities, such as allowing grants for high-performing facilities and prohibiting facilities from denying children based on disability or socioeconomic status. Additionally, the bill requires consultation with child care resource and referral agencies and child care providers when developing regulations. The changes aim to make child care more accessible and supportive for low and moderate-income families, while also providing incentives for businesses to support child care options for their employees.

Committee Categories

Education

Sponsors (0)

No sponsors listed

Other Sponsors (1)

Rules (Senate)

Last Action

REFERRED TO EDUCATION (on 04/14/2025)

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