LA SB233

Renames the "School Readiness Tax Credits" program to "Workforce Child Care Tax Credits"

Increases the expense limits businesses can claim: facility construction/renovation/equipment expenses rise from $50,000 to $100,000 per year, child care payments increase from $5,000 to $10,000 per child per year, and child care slot purchases increase from $50,000 to $100,000 per year

Significantly increases tax credit percentages based on facility quality ratings: five-star facilities from 20% to 50%, four-star from 15% to 40%, three-star from 10% to 30%, and two-star from 5% to 0%

Establishes an annual credit cap starting at $1 million for calendar year 2026, which increases by $1 million each year if at least 80% of the prior year's cap was utilized, up to a maximum of $5 million

Requires taxpayers to apply for credits during January 1 through February 28 following the year credits were earned, with approval on a first-come, first-served basis and pro rata distribution if demand exceeds available credits