An Act relating to education tax credits for certain payments and contributions for child care and child care facilities; relating to the insurance tax education credit, the income tax education credit, the oil or gas producer education credit, the property tax education credit, the mining business education credit, the fisheries business education credit, and the fisheries resource landing tax education credit; providing for an effective date by amending the effective date of secs. 1, 2, and 21, ch. 61, SLA 2014; and providing for an effective date.

SB 96 expands existing Alaska tax credits (including income, property, oil/gas producer, mining, and fisheries business credits) to allow businesses to claim credits for certain child care expenses related to their employees. Specifically, it adds three qualifying expenses: operating child care facilities for employees' children, contributing to nonprofit child care facilities for employees' children, and paying employees to offset their state child care costs. The bill also requires annual inflation adjustments to credit limits starting in 2030, tied to the Consumer Price Index for urban Alaska. This directly affects businesses in sectors covered by these tax credits, enabling them to reduce taxable income by claiming these new child care-related expenses. The bill was signed into law on June 24, 2025, with the changes effective for tax years beginning on or after January 1, 2030.