AK SB171

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

Removes child care-related expenditures as qualifying activities for education tax credits, eliminating credits for operating employee child care facilities, contributing to nonprofit child care facilities, and payments to offset employee child care costs

Renames the "day care assistance program" to "child care assistance program" throughout Alaska statutes

Removes the 105% median household income cap for child care assistance eligibility and eliminates the 7% family income maximum for parent/guardian contributions

Removes the requirement for child care facilities receiving grants to be designated as "quality child care facility" by the department and adds new provisions allowing grants to highest performing facilities using quality recognition metrics