This bill proposes the establishment of a refundable tax credit for family members who provide child care, specifically targeting individuals who meet the criteria of "qualifying caregivers." Under the new section [290.0696] CREDIT FOR FAMILY CHILD CAREGIVERS, qualifying caregivers can receive a credit of $2,000 against their tax liability, with specific income thresholds for phaseout. The bill defines key terms such as "qualifying caregiver," "qualifying relative," and "qualifying child," and outlines the caregiving requirements necessary to qualify for the credit, including providing at least 416 hours of care without compensation and maintaining a certain relationship to the child. Additionally, the bill stipulates that if the credit exceeds the taxpayer's liability, the excess amount will be refunded, with necessary funds appropriated from the general fund. The provisions of this bill will take effect for taxable years beginning after December 31, 2024. This initiative aims to support family members who assist in child care, thereby enabling parents or guardians to engage in gainful employment.