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Tue, Jun 24, 2025
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124 days ago, Georgia
Updated 123 days ago
Georgia Senate approves $250 child care tax credit
Georgia Senate approves $250 child care tax credit

Georgia Senate approves $250 child care tax credit

News summary

The Georgia Senate unanimously passed Senate Bill 89, which proposes a new $250 income tax credit for parents of children under 7 years old and increases the existing child care tax credit from 30% to 40% of the federal credit. The bill also aims to enhance employer incentives for providing child care, raising the operational cost credit from 75% to 90%. The legislation is expected to cost the state approximately $180 million annually in lost tax revenue, a concern for lawmakers amid slowing state revenue growth. Proponents argue that the credits will alleviate the financial burden of child care, which can consume a significant portion of family incomes, particularly for low-income households. Lt. Gov. Burt Jones has emphasized the importance of addressing child care costs and sees this bill as a vital step in supporting working families. The bill now moves to the House of Representatives for further consideration.

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Associated Press
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Georgia Senate unanimously backs pricey push for $250 child tax credit
124 days ago
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U.S. News & World Report
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Georgia Senate Unanimously Backs Pricey Push for $250 Child Tax Credit
124 days ago
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Associated Press
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Georgia Senate unanimously backs pricey push for $250 child tax credit
124 days ago
Read Full Article
alt
U.S. News & World Report
Left
Georgia Senate Unanimously Backs Pricey Push for $250 Child Tax Credit
124 days ago
Read Full Article
Bias Distribution
100% Left
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Left 100%
Coverage Details
Total News Sources
2
Left
2
Center
0
Right
0
Unrated
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Last Updated
123 days ago
Bias Distribution
100% Left
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Story Coverage
alt
Associated Press
Left
Georgia Senate unanimously backs pricey push for $250 child tax credit
124 days ago
Read Full Article
alt
U.S. News & World Report
Left
Georgia Senate Unanimously Backs Pricey Push for $250 Child Tax Credit
124 days ago
Read Full Article
alt
Associated Press
Left
Georgia Senate unanimously backs pricey push for $250 child tax credit
124 days ago
Read Full Article
alt
U.S. News & World Report
Left
Georgia Senate Unanimously Backs Pricey Push for $250 Child Tax Credit
124 days ago
Read Full Article
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