Children: child care; tri-share child care workplace benefit program and fund; establish. Amends 1973 PA 116 (MCL 722.111 - 722.128) by adding sec. 6b.

This bill creates a new state program called Tri-Share to help working families in Michigan pay for child care by splitting the cost among the employer, the employee, and the state. Under the program, an employer must agree to cover at least one-third of an employee's child care expenses to qualify, while the state commits to paying another one-third for eligible workers who are not already receiving state subsidies. The legislation also establishes a dedicated fund to hold and invest these contributions, allowing the state to administer the program, support regional recruitment efforts, and provide timely payments to child care providers. Employers and various types of organizations can participate in the initiative, and if the state cannot afford its share, participating employers may opt into a Care-Share option that does not involve direct state funding.