Relating to a franchise tax credit for opening an early learning and child-care center in certain affordable housing developments.

HB 3070 creates a 50% franchise tax credit for businesses or organizations that open early learning and child-care centers in qualifying affordable housing developments. The credit applies to 50% of the franchise tax due after other credits are applied, directly benefiting entities establishing centers serving children five and younger. Eligible centers must be operated by school districts, charter schools, or licensed facilities meeting specific educational standards. The credit takes effect January 1, 2026, for tax reports due on or after that date.