TO AMEND THE LAW CONCERNING INCOME TAX CREDITS FOR CHILD CARE; TO AMEND THE INCOME TAX CREDIT FOR EMPLOYER-PROVIDED CHILD CARE; TO PROVIDE AN INCOME TAX CREDIT FOR LICENSED CHILDCARE PROVIDERS; AND TO DECLARE AN EMERGENCY.

HB 1435 aimed to modify state income tax laws concerning child care. The bill sought to amend the existing income tax credit available to employers who provide child care services. Additionally, it proposed to establish a new income tax credit specifically for licensed child care providers. These provisions were intended to adjust financial incentives for both businesses supporting child care and the providers themselves.