Budget & Taxes (Children)

Establishes a child tax credit in the amount of six hundred fifty dollars ($650) for eligible taxpayers adjusted for inflation annually commencing January 1, 2027.

Establishes a child tax credit in the amount of three hundred thirty dollars ($330) for eligible taxpayers adjusted for inflation annually commencing January 1, 2027.

Requires the EOHHS to amend the state Medicaid plan and secure sufficient state general revenue to increase Medicaid payment rates to an amount equal to one hundred thirty percent (130%) of Medicare rates for outpatient clinical pediatric services.

Requires the EOHHS to amend the state Medicaid plan and secure sufficient state general revenue to increase Medicaid payment rates to an amount equal to one hundred thirty percent (130%) of Medicare rates for outpatient clinical pediatric services.

HB 7688 establishes the Rhode Island Child Care for All Act, creating a new Office for Early Learning by June 2028 to centralize and improve the state’s child care system. It directly affects families with young children (by reducing costs to under 7% of income), child care providers (through annual funding to cover costs beyond family fees), and early educators (by requiring wage supplements to match K-12 standards). Key provisions include consolidating child care administration from other agencies, funding providers to expand affordability and quality, and developing a statewide system offering free pre-K for 3- and 4-year-olds alongside accessible care for children from birth to age 12. The bill aims to address current market failures by treating child care as a public good, similar to K-12 education.