CHILD CARE: TAX CREDITS, the official text

Enrolled SB 96 
 Relating to education tax credits for certain payments and contributions for child care and 
 child care facilities; relating to the insurance tax education credit, the income tax education 
 credit, the oil or gas producer education credit, the property tax education credit, the mining 
 business education credit, the fisheries business education credit, and the fisheries resource 
 landing tax education credit; providing for an effective date by amending the effective date of 
 secs. 1, 2, and 21, ch. 61, SLA 2014; and providing for an effective date. 
 _______________ 
 * Section 1. AS 21.96.070(a) is amended by adding new paragraphs to read: 
 (11) expenditures made to operate a child care facility in the state for 
 the children of the taxpayer's employees; 
 (12) contributions of cash or equipment accepted by a child care 
 facility in the state operated by a nonprofit corporation and attended by one or more

children of the taxpayer's employees; and 
 (13) a payment to an employee of the taxpayer made by the taxpayer 
 for the purpose of offsetting the employee's child care costs incurred in the state. 
 * Sec. 2. AS 21.96.070 is amended by adding a new subsection to read: 
 (i) Beginning January 1, 2030, and every five years thereafter, the Department 
 of Labor and Workforce Development shall adjust the dollar limit on credits under (d) 
 of this section for inflation, using 100 percent of the change over the preceding five 
 calendar years in the Consumer Price Index for all urban consumers for urban Alaska, 
 compiled by the Bureau of Labor Statistics, United States Department of Labor. 
 * Sec. 3. AS 43.20.014(a) is amended by adding new paragraphs to read: 
 (17) expenditures made to operate a child care facility in the state for 
 the children of the taxpayer's employees; 
 (18) contributions of cash or equipment accepted by a child care 
 facility in the state operated by a nonprofit corporation and attended by one or more 
 children of the taxpayer's employees; and 
 (19) a payment to an employee of the taxpayer made by the taxpayer 
 for the purpose of offsetting the employee's child care costs incurred in the state. 
 * Sec. 4. AS 43.20.014 is amended by adding a new subsection to read: 
 (i) Beginning January 1, 2030, and every five years thereafter, the Department 
 of Labor and Workforce Development shall adjust the dollar limit on credits under (d) 
 of this section for inflation, using 100 percent of the change over the preceding five 
 calendar years in the Consumer Price Index for all urban consumers for urban Alaska, 
 compiled by the Bureau of Labor Statistics, United States Department of Labor. 
 * Sec. 5. AS 43.55.019(a) is amended by adding new paragraphs to read: 
 (12) expenditures made to operate a child care facility in the state for 
 the children of the producer's employees; 
 (13) contributions of cash or equipment accepted by a child care 
 facility in the state operated by a nonprofit corporation and attended by one or more 
 children of the producer's employees; and 
 (14) a payment to an employee of the producer made by the producer 
 for the purpose of offsetting the employee's child care costs incurred in the state.

* Sec. 6. AS 43.55.019 is amended by adding a new subsection to read: 
 (j) Beginning January 1, 2030, and every five years thereafter, the Department 
 of Labor and Workforce Development shall adjust the limit under (d) of this section 
 for inflation, using 100 percent of the change over the preceding five calendar years in 
 the Consumer Price Index for all urban consumers for urban Alaska, compiled by the 
 Bureau of Labor Statistics, United States Department of Labor. 
 * Sec. 7. AS 43.56.018(a) is amended by adding new paragraphs to read: 
 (12) expenditures made to operate a child care facility in the state for 
 the children of the property owner's employees; 
 (13) contributions of cash or equipment accepted by a child care 
 facility in the state operated by a nonprofit corporation and attended by one or more 
 children of the property owner's employees; and 
 (14) a payment to an employee of the property owner made by the 
 owner for the purpose of offsetting the employee's child care costs incurred in the 
 state. 
 * Sec. 8. AS 43.56.018 is amended by adding a new subsection to read: 
 (i) Beginning January 1, 2030, and every five years thereafter, the department 
 shall adjust the dollar limit on credits under (d) of this section for inflation, using 100 
 percent of the change over the preceding five calendar years in the Consumer Price 
 Index for all urban consumers for urban Alaska, compiled by the Bureau of Labor 
 Statistics, United States Department of Labor. 
 * Sec. 9. AS 43.65.018(a) is amended by adding new paragraphs to read: 
 (17) expenditures made to operate a child care facility in the state for 
 the children of the person's employees; 
 (18) contributions of cash or equipment accepted by a child care 
 facility in the state operated by a nonprofit corporation and attended by one or more 
 children of the person's employees; and 
 (19) a payment to an employee of the person's business made by the 
 person for the purpose of offsetting the employee's child care costs incurred in the 
 state. 
 * Sec. 10. AS 43.65.018 is amended by adding a new subsection to read:

(i) Beginning January 1, 2030, and every five years thereafter, the department 
 shall adjust the dollar limit on credits under (d) of this section for inflation, using 100 
 percent of the change over the preceding five calendar years in the Consumer Price 
 Index for all urban consumers for urban Alaska, compiled by the Bureau of Labor 
 Statistics, United States Department of Labor. 
 * Sec. 11. AS 43.75.018(a) is amended by adding new paragraphs to read: 
 (17) expenditures made to operate a child care facility in the state for 
 the children of the person's employees; 
 (18) contributions of cash or equipment accepted by a child care 
 facility in the state operated by a nonprofit corporation and attended by one or more 
 children of the person's employees; and 
 (19) a payment to an employee of the person's business made by the 
 person for the purpose of offsetting the employee's child care costs incurred in the 
 state. 
 * Sec. 12. AS 43.75.018 is amended by adding a new subsection to read: 
 (i) Beginning January 1, 2030, and every five years thereafter, the Department 
 of Labor and Workforce Development shall adjust the dollar limit on credits under (d) 
 of this section for inflation, using 100 percent of the change over the preceding five 
 calendar years in the Consumer Price Index for all urban consumers for urban Alaska, 
 compiled by the Bureau of Labor Statistics, United States Department of Labor. 
 * Sec. 13. AS 43.77.045(a) is amended by adding new paragraphs to read: 
 (17) expenditures made to operate a child care facility in the state for 
 the children of the person's employees; 
 (18) contributions of cash or equipment accepted by a child care 
 facility in the state operated by a nonprofit corporation and attended by one or more 
 children of the person's employees; and 
 (19) a payment to an employee of the person's business made by the 
 person for the purpose of offsetting the employee's child care costs incurred in the 
 state. 
 * Sec. 14. AS 43.77.045 is amended by adding a new subsection to read: 
 (i) Beginning January 1, 2030, and every five years thereafter, the Department

of Labor and Workforce Development shall adjust the dollar limit on credits under (d) 
 of this section for inflation, using 100 percent of the change over the preceding five 
 calendar years in the Consumer Price Index for all urban consumers for urban Alaska, 
 compiled by the Bureau of Labor Statistics, United States Department of Labor. 
 * Sec. 15. AS 21.96.070(a)(8), 21.96.070(a)(9), 21.96.070(a)(10), 21.96.070(g); 
 AS 43.20.014(a)(14), 43.20.014(a)(15), 43.20.014(a)(16), 43.20.014(g); AS 43.55.019(a)(9), 
 43.55.019(a)(10), 43.55.019(a)(11), 43.55.019(h); AS 43.56.018(a)(9), 43.56.018(a)(10), 
 43.56.018(a)(11), 43.56.018(g); AS 43.65.018(a)(14), 43.65.018(a)(15), 43.65.018(a)(16), 
 43.65.018(g); AS 43.75.018(a)(14), 43.75.018(a)(15), 43.75.018(a)(16), 43.75.018(g); 
 AS 43.77.045(a)(14), 43.77.045(a)(15), 43.77.045(a)(16), and 43.77.045(g) are repealed. 
 * Sec. 16. The uncodified law of the State of Alaska is amended by adding a new section to 
 read: 
 RETROACTIVITY. This Act is retroactive to July 23, 2024. 
 * Sec. 17. Section 50, ch. 15, SLA 2024, is repealed. 
 * Sec. 18. Section 37, ch. 61, SLA 2014, as amended by sec. 40, ch. 101, SLA 2018, and 
 sec. 30, ch. 4, SLA 2024, is amended to read: 
 Sec. 37. Sections 1, 2, and 21, ch. 61, SLA 2014, take effect January 1, 2028 
 [2029]. 
 * Sec. 19. This Act takes effect immediately under AS 01.10.070(c).