Allows localities to grant an exemption from real property taxation for child day cares

This bill allows local governments and school districts to offer a property tax break for buildings used as licensed child day cares. Under the proposed law, these facilities could receive an exemption covering up to 50% of their assessed value, though local authorities retain the power to lower this percentage or deny the exemption entirely. The tax relief would only apply if the property remains actively used for child care purposes, and the exemption would end immediately if the facility stops operating for that eligible purpose.