This bill introduces new education tax credits aimed at supporting child care facilities and offsetting child care costs for employees in Alaska. It amends existing tax credit provisions to include expenditures made to operate child care facilities for employees' children, contributions of cash or equipment to nonprofit-operated child care facilities, and payments made to employees to help cover their child care expenses. The bill also mandates that the Department of Labor and Workforce Development will adjust the dollar limits on these credits for inflation every five years, starting January 1, 2030.

Additionally, the bill repeals several existing provisions related to education tax credits and updates the effective date for certain sections of previous legislation from January 1, 2029, to January 1, 2028. It also establishes retroactive applicability to July 23, 2024, ensuring that the new provisions can be applied to relevant tax credits from that date. The overall aim of the bill is to enhance support for child care services in the state, thereby benefiting both employers and employees.

Statutes affected:
SB0096A, AM SB 96, introduced 02/12/2025: 21.96.070, 43.20.014, 43.55.019, 43.56.018, 43.65.018, 43.75.018, 43.77.045
SB0096Z, AM Enrolled SB 96, introduced 05/16/2025: 21.96.070, 43.20.014, 43.55.019, 43.56.018, 43.65.018, 43.75.018, 43.77.045