HB 20-1112: Expand Child Care Contribution Income Tax Credit

• Increases the age limit for "child care" from 12 years old to 18 years old for income tax years commencing on or after January 1, 2020, expanding eligible facility types for the tax credit.

• Adds donations to child advocacy centers as a qualifying monetary contribution type for the existing 50% state income tax credit for child care promotion, effective for tax years beginning January 1, 2020 and later.

• Applies changes retroactively to income tax years beginning on or after January 1, 2020, while the existing credit remains available through December 31, 2024.

• Takes effect 90 days after final adjournment of the 2020 legislative session (August 5, 2020), subject to voter approval if a referendum petition is filed.