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Senate panel advances $5M child-care tax-credit bill; questions remain on uptake
Senate Finance Committee · April 22, 2026
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Summary
Committee advanced HB 1433 to create a $5 million pool of 50% tax credits for businesses investing in child care (meaning $10 million private investment would unlock $5 million in credits); members noted uncertainty about how many providers will participate.
A sponsor described HB 1433 as creating tax credits aimed at expanding child-care capacity. The bill would authorize $5,000,000 in credits representing a 50% match: a business would need to invest $10,000,000 to realize the full $5,000,000 in credits. The sponsor said credits would be valid for four years and would not be…
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