A wide-ranging coalition that includes early childhood, education and business groups is galvanizing support for a bill to extend a state tax credit that incentivizes donations to Colorado child care providers.
Advocates say the Child Care Contribution Tax Credit, which will be up for reauthorization during the 2018 legislative session, represents a key tool for supporting an expensive but perpetually underfunded sector.
We, in early childhood, are truly competing … with potholes or K-12 education,” [Gloria] Higgins said. “We just want to hold onto what we have.”
Colorado is one of only a handful of states that offer tax credits to individuals or businesses that donate to child care providers or related programs, according to the National Conference of State Legislatures. Oregon, Mississippi, Louisiana and Pennsylvania all have some version of a contribution credit, though generally, the parameters are more restrictive than in Colorado.
Read the full article by Ann Schimke about tax credits for child care from Chalkbeat
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