GA HB136

Increases the state child and dependent care expense tax credit from 30% to 50% of the federal credit, effective for taxable years beginning January 1, 2025

Creates a new $250 tax credit per child under age six for taxpayers, beginning January 1, 2026

Establishes employer tax credits of $500 per child ($1,000 in the first year) for businesses that pay at least $1,000 annually toward child care expenses for employees with children under six, capped at $20 million annually and sunsetting December 31, 2030

Expands the foster child support organization tax credit from $20 million to $30 million annually beginning in 2026, extends eligibility to insurance companies against premium tax liability (capped at $10 million), and broadens qualified expenditures to include services for justice involved youth aged 18-25

Increases allowable wraparound service cash payments from $150 to $200 monthly and mentor compensation from $500 to $1,200 annually, while adding new certification requirements and financial reporting obligations for qualified organizations