Committee
Finance
Author
Brice Wiggins
Session
2025 Session
Latest Action
On January 20, SB 2813 was referred to the Senate Finance Committee.
Explanation of the Bill
SB 2813 creates a tax credit for parents who pay for their children to attend a provider in an early learning collaborative (ELC) program. Because the ELC program requires matching funds, some providers rely on tuition to match state funds; other providers may offer before or aftercare that is tuition based. Eligible providers include any provider in a recognized ELC, including licensed childcare providers, school districts, private or parochial schools, and Head Start providers. However, the credit only applies if the parent pays any portion of the cost of care (i.e., pays partial tuition or before/aftercare fees).
Additionally, SB 2813, creates a tax credit for ELC pre-K providers in the amount of $1,500 multiplied by the average monthly number of children who attend the program.
Both tax credits are 1:1, so for every dollar a taxpayer spends, a dollar is subtracted from their tax liability. Any tax credits claimed but not used in a taxable year are considered overpayment and can be refunded to the taxpayer.
During the 2024 legislative session, a similar bill, Senate Bill 2475, died in committee.
Date | Details |
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01/20/25 | On January 20, SB 2813 was referred to the Senate Finance Committee. |