This bill amends the General Property Tax Act of 1893 by adding a new section, 7yy, which provides a tax exemption for qualified residential child day care properties. Specifically, properties that are owned and occupied as a principal residence where a household member operates a licensed family or group child care home will be exempt from property taxes levied after December 31, 2025. To qualify for this exemption, property owners must submit an application along with relevant supporting documentation to their local tax collecting unit, following guidelines set by the Department of Treasury.

The bill defines key terms related to the exemption, including "family child care home," "group child care home," and "qualified residential child day care property," ensuring clarity on what types of properties are eligible for the tax relief. This legislative change aims to support families operating child care services in their homes by alleviating the financial burden of property taxes.

Statutes affected:
House Introduced Bill: 211.1, 211.155