AK HB190

Increases the maximum education tax credit cap from $3,000,000 to $10,000,000 for taxpayers and affiliated groups across insurance, income, oil/gas, property, mining, fisheries business, and fisheries resource landing taxes

Removes child care-related tax credits that previously allowed businesses to claim credits for operating child care facilities, contributing to nonprofit child care facilities, or making payments to offset employees' child care costs (these provisions are first deleted, then restored in later sections)

Renames the "day care assistance program" to "child care assistance program" and removes the statutory requirement that maximum eligible household income be 105% of state median income, giving the department discretion to set eligibility standards

Removes the 7% cap on family contributions for child care costs and eliminates the requirement that child care facilities be designated as "quality" facilities to receive grants

Authorizes the Department of Health to provide additional grants to highest-performing child care facilities based on quality metrics and requires facilities receiving grants to prioritize children participating in the child care assistance program