A bill to amend the Internal Revenue Code of 1986 to provide a credit for increasing wages paid to child care providers.

Key Provisions

• Creates a new tax credit for businesses that pay wages to child care workers.
• Lets employers get a tax credit of 5% of qualified wages paid to child care workers.
• Increases the tax credit to 7% of qualified wages for child care facilities located in rural areas.
• Defines a "qualified child care worker" as an employee at an eligible facility who provides child care services.
• Sets rules for an "eligible child care facility," requiring it to care for at least 6 children, receive a fee, payment, or grant for its services, and follow state and local laws.
• Allows employers to receive the tax credit as a direct payment from the government, even if they don't owe taxes.