To amend the Internal Revenue Code of 1986 to provide a credit...
To amend the Internal Revenue Code of 1986 to provide a credit for increasing wages paid to child care providers.
This bill, HB8023, aims to change the tax laws to offer a credit to employers who increase the wages of child care providers. This means businesses that hire people to take care of children could get a tax break if they decide to raise the salaries of their employees in this field. The bill was introduced on March 19, 2026, and is currently being reviewed by the House Committee on Ways and Means, which handles tax and financial legislation.
The change would primarily affect employers in the child care industry, encouraging them to invest in better compensation for their workers. This could lead to improved working conditions and potentially higher quality care for children. Employees, particularly those in child care, would benefit from the potential for higher wages.
As of the last update on March 19, 2026, HB8023 was introduced in the House and referred to the House Committee on Ways and Means. This committee will evaluate the bill, potentially making changes before it moves forward in the legislative process. Key actions include its introduction and referral to the relevant committee for further review.
