Revenue and taxation; income tax credit; childcare; employer; qualified childcare worker; effective date.

This bill creates two new income tax credits for Oklahoma employers and childcare workers effective in 2025. Employers can claim a credit equal to 30% of their spending on childcare assistance, operating on-site facilities, or reserving spots for employees, with a maximum claim of $30,000 per year. Additionally, the bill establishes a refundable $1,000 tax credit for qualified childcare workers who are employed for at least eight months and have completed 12 credit hours of professional development. Both credits are available for tax years through 2029, with annual state limits of $5 million for employer credits and $14 million for worker credits.