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AR HB1158
Bill
Status
5/1/2023
Primary Sponsor
Julie Mayberry
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AI Summary
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Creates an income tax credit for early childhood education workers (directors, teachers, and instructional staff) employed in programs meeting the Better Beginnings quality rating system who earn less than the K-12 public school teacher minimum salary, with credit amounts ranging from $1,800 to $3,000 based on educational credentials.
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Provides income tax credits to businesses that incur eligible childcare expenses (capped at $50,000), with credit percentages ranging from 5% to 25% depending on the quality rating level (2-6) received by the childcare facility.
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Allows excess tax credits to be refunded to taxpayers when credit amounts exceed income tax liability.
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Requires workers to file attestation forms from the Arkansas Professional Development Registry and businesses to use childcare facilities rated at least level two by the Division of Child Care and Early Childhood Education.
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Effective for tax years beginning on or after January 1, 2023.
Legislative Description
To Create The Early Childhood Education Workforce Quality Incentive Act; And To Create Income Tax Credits For Certain Early Childhood Education Workers And For Eligible Business Childcare Expenses.
Last Action
Died in House Committee at Sine Die Adjournment
5/1/2023