Senate Bill 822 - Child Care Omnibus Summary

• Increases state child tax deduction amounts for taxpayers with federal child tax credits, with deduction amounts ranging from $600 to $3,600 depending on filing status and adjusted gross income, effective for taxable years beginning January 1, 2024.

• Establishes the Child Care Stabilization Fund within the Department of Health and Human Services to provide financial assistance to licensed child care facilities, with a focus on supporting low-income families and enhancing child care provider wages.

• Appropriates $180,000,000 in recurring funds for the 2024-2025 fiscal year for child care stabilization grants to eligible facilities that were licensed or regulated on or before March 11, 2021.

• Creates the Child Care Provider Support Program providing free child care services for the children of licensed child care facility employees, regardless of household income, with $10,000,000 appropriated for implementation in the 2024-2025 fiscal year.

• Requires the Department of Health and Human Services to submit annual reports to the General Assembly detailing fund usage, program impacts, and recommendations for improvements, with implementation occurring July 1, 2024.