AK SB96

Expands existing education tax credits across seven tax types (insurance, income, oil/gas producer, property, mining business, fisheries business, and fisheries resource landing) to include child care-related expenditures

Allows tax credits for three types of child care spending: operating a child care facility for employees' children, contributing cash or equipment to nonprofit child care facilities attended by employees' children, and direct payments to employees to offset their child care costs

Requires the Department of Labor and Workforce Development to adjust credit dollar limits for inflation every five years beginning January 1, 2030, based on the Consumer Price Index for urban Alaska

Retroactive to July 23, 2024, and takes effect immediately upon enactment

Accelerates the sunset date for related 2014 education credit provisions from January 1, 2029 to January 1, 2028