GA SB89

Increases Georgia's child and dependent care expense tax credit from 30% to 40% of the federal tax credit claimed under Section 21 of the Internal Revenue Code

Creates a new $250 per child income tax credit for each qualifying child under age 7, effective for taxable years beginning on or after January 1, 2025

Reduces the employee-children requirement for employer-provided child care facility tax credits from 95% to 75% of children using the facility

Increases the employer child care tax credit from 75% to 90% of operational costs, and raises the credit cap from 50% to 75% of the employer's income tax liability

Effective July 1, 2025, applicable to all taxable years beginning on or after January 1, 2025