Continuation of Child Care Contribution Tax Credit

The expiration date for the child care contribution tax credit was extended from January 1, 2028, to January 1, 2038.

A new requirement was added for the Department of Revenue to consult with various commissions to study the tax credit's effectiveness and provide recommendations by July 31, 2024.

The bill allows donations of in-kind real property to qualify as an eligible contribution for the tax credit.

Deleted a mandate requiring the Department of Revenue to consult with early childhood leadership commissions and study improvements to the child care tax credit, along with a deadline to submit these recommendations to the budget committee and auditor.

Added new names to the list of Senate sponsors, expanding the coalition of legislators supporting the bill.

Updated the document header to change the status from 'Revised' to 'Rerevised' and clarified that it includes all amendments adopted in the Second House.

The bill version label was changed from 'Reengrossed' to 'Revised' to accurately describe the legislative history of amendments adopted on second reading in the second house.

The expiration date for the 10-year tax credit was changed from May 2, 2026, to May 1, 2026.

Additional names were added to the list of House sponsors.

The header was updated from 'Engrossed' to 'Reengrossed' to reflect the inclusion of all amendments.

The House Committees list was updated to include 'Appropriations' alongside 'Finance'.