Alabama's child care tax credit bill (HB358) awaits Governor Kay Ivey's signature, offering $15m in tax credits for childcare businesses and $5m annually for quality improvement.

Alabama's unanimously passed child care tax credit bill (HB358) is awaiting Governor Kay Ivey's signature to assist struggling child care providers and working families. The bill, estimated to reach $82.5 million if fully phased in, offers $15 million in tax credits for businesses providing childcare assistance and $5 million annually for childcare providers improving quality. The initiative aims to address Alabama's low labor force participation rate and high child care costs.

May 08, 2024
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