Signed by Governor Michael Dunleavy

Vote Smart's Synopsis:

Vote to pass a bill that creates a new grant program for child care and expands the number of families eligible for child care assistance from the state.

Highlights:

• Authorizes Alaska taxpayers to collect a credit against tax due for certain payments related to child care made by employers (Sec. 1-3).

• Requires that the Alaska Department of Labor and Workforce Development adjust for inflation the dollar limit on credits relative to the Consumer Price Index every 5 years (Sec. 2).

• Specifies that specific provisions shall retroactively take effect July 23, 2024, immediately upon passage, and on January 1, 2028 (Sec. 16-19).

Full Bill Text

Vote Smart's Synopsis:

Vote to pass a bill that creates a new grant program for child care and expands the number of families eligible for child care assistance from the state.

Highlights:

• Authorizes Alaska taxpayers to collect a credit against tax due for certain payments related to child care made by employers (Sec. 1-3).

• Requires that the Alaska Department of Labor and Workforce Development adjust for inflation the dollar limit on credits relative to the Consumer Price Index every 5 years (Sec. 2).

• Specifies that specific provisions shall retroactively take effect July 23, 2024, immediately upon passage, and on January 1, 2028 (Sec. 16-19).

Full Bill Text