The bill proposes the establishment of the Child Care Cred Program under section 5180.41 of the Revised Code, aimed at assisting eligible employees with child care costs while enabling employers to attract and retain talent. The program will share child care costs equally among eligible employees, their employers, and the Department of Children and Youth, with each party contributing one-third of the costs. Participation in the program is voluntary, and employers will select which employees to include. To qualify, employees must reside in Ohio, be ineligible for publicly funded child care, and be chosen by their employer, while employers must employ individuals working in the state.

The bill also outlines the administrative responsibilities of the Department of Children and Youth, including the review of applications for participation and the coordination of payments to child care providers. It includes provisions for eligibility determination, fraud prevention, and the adoption of necessary rules for implementation. An appropriation of $10 million from the General Revenue Fund is designated for the Child Care Cred Program, with the possibility of additional funding if deemed necessary by the Director of Children and Youth.