Provides a real property tax exemption for property operated as a child day care

This bill creates a real property tax exemption for properties used to operate licensed child day care centers. It allows local governments to choose whether to adopt this exemption through a public hearing process, and they can also set limits on how much tax relief is provided. The exemption applies to both individual and corporate owners of property used for child day care purposes, but it ends if the property stops being used for eligible child care services.