Resolution 111: Tax Credit for Day Care

The Southern Association on Children Under Six endorses the Child Care Tax Credit legislation, which would increase tax credit percentages for child care expenses. The legislation would allow for a maximum credit of $2,400 for one dependent and $4,800 for two or more dependents, and would be refundable even if the credit exceeds the tax bill. The association supports the legislation as a means to help parents afford child care for their children. The resolution also states that the association supports a tax credit for industry-based day care, as long as it is not included in legislation that is detrimental to children's interests.