Senate Bill 2813 Summary

• Allows taxpayers an income tax credit equal to child care expenses paid to prekindergarten providers participating in the voluntary prekindergarten program established under Section 37-21-51(3).

• Defines "prekindergarten provider" as public, private, or parochial schools, licensed child care centers, or Head Start Centers serving four-year-old children in the voluntary prekindergarten program.

• Authorizes prekindergarten providers a tax credit of $1,500 multiplied by the average monthly number of children attending their prekindergarten program.

• Allows unused tax credits to be treated as overpayments and refunded to taxpayers from current collections in the same taxable year.

• Takes effect January 1, 2025.