Relating to providing child care generally

Increased the capital investment tax credit from 50% to 100% of qualified property costs and increased the operating cost tax credit from 50% to 100%.

Added a new definition for 'employer sponsored child-care facility' to include third-party licensed centers financially supported by employers, removing location restrictions.

Added new sections to the Child Welfare code to create a subsidy program for licensed child care programs and establish a system for electronic filing of attendance records.

Added a requirement for the Department of Human Services to implement policies mitigating the 'subsidy cliff effect' to prevent abrupt loss of assistance as family income increases.

Changed the agency name from 'Department' to 'Department Division' and 'Tax Department' to 'Tax Department Division' in several sections.

Updated the bill's origin date from January 14, 2026, to February 26, 2026, and added a deadline for implementing cliff mitigation policies by January 1, 2027.

Added a new section requiring the Department of Human Services to review child care attendance quarterly and disqualify parents whose children do not attend at least 8 days per month on average.

Added a mandate for the Department of Human Services to implement policies by January 1, 2027, that gradually phase out child care subsidies as family income increases to avoid sudden benefit loss.

Added a requirement for an annual electronic report to the Joint Committee on Government and Finance detailing the implementation and impact of the new subsidy phase-out policies.

Added a requirement for a new electronic filing system where child care providers must submit attendance documents electronically for reimbursement starting July 1, 2026.

Changed the name of the tax agency from 'Department Division' to 'Division' or 'Tax Division' in the definitions of the tax credit sections.

Extended the eligibility for the corporate tax credit to include nonprofit corporations organized under specific Internal Revenue Code sections, allowing them to transfer unused credits to other taxpayers.