The bill proposes the establishment of the Child Care Cred Program under section 5104.54 of the Revised Code, which aims to assist employees with child care costs by sharing expenses among employees, employers, and the Department of Children and Youth. Specifically, employees will be responsible for 40% of the costs, employers will also cover 40%, and the department will contribute 20%, contingent on available funds. The program's goals include helping employers attract and retain talent, supporting employees with child care expenses, and sustaining child care providers' businesses.

To participate in the program, employees must have a family income not exceeding 400% of the federal poverty line and must be selected by their employer. Employers must be located in Ohio and select employees for participation, while child care providers must be licensed or certified. The bill also outlines the application process, eligibility criteria, and conditions for participation, including the potential for employers to contribute to employees' shares. Additionally, the bill includes provisions for the department to adopt necessary rules for implementation and appropriates $10 million from the General Revenue Fund for the program's operation.