Part I: Employer Supported Child Care
Includes the creation of a website containing current resources for businesses with information regarding employer-supported child care. Part I also notes that the department must assist businesses with identifying resources and incentive for the provision of employer-supported child care.
The Office of Financial Management must consult with DCYF to modify the model policy as appropriate for implementation; this policy should be submitted by December 1, 2018 and implemented by June 1, 2019.
Part II: Child Care Workforce Conditional Scholarship and Loan Repayment Program
The two components include conditional scholarships and loan repayments for eligible students and/or providers of early learning services. This also establishes a planning committee to develop criteria for the selection of participants (priority and other). Eligibility would be limited to a max of 6 years. An account for this program would be created in the custody of the state treasurer.
Part III:Child Care Tax Incentives and details for tax preferences
Subparts A – D outline employer benefits, credits and sales tax exemption for participating in the proposed programs.
As amended in the House Early Learning and HS Committee: Removed the sales tax exemption for the construction or renovation of child care facilities.