The rare bill that has Republicans as lead sponsors that does not at first appear to be evil or fascist. House Bill 410 also has several Democratic sponsors. But I am still looking for the catch.
The bill offers a refundable tax credit to child care workers who are either self employed in the operation of or employed by a child care or family care center to provide for the care or education of children during the day. including family child care (home-based care). The bill would provide 8, 10, and 12% tax credits to child care workers based on their attainment of industry credentials and degrees. The tax credit will be indexed to the Consumer Price Index, so it will rise with inflation.
Similar bills and policies have been implemented in Lousiaian, Nebraska and Colorado.
The bill will be in effect until 2029, when the Joint Legislative Oversight and Sunset Committee will review the tax credit’s performance.
|House Bill 410 Sponsors||Yes Votes||No Votes|
|M.Smith, K.Williams, Baumbach, Briggs King, Gray, S.Moore, D.Short|
|Gay, Sturgeon, McBride, Pettyjohn, Walsh|
|Current Status: House Revenue & Finance 5/10/22|