SEA 463 extends the state’s child care expenditure tax credit, which allows a business to claim a credit of up to 50% of qualified expenditures to help set up on-site or near-site child care facilities for the business’s employees.
Lead child care educators, who often have bachelor’s degrees, earn wages equivalent to restaurant cooks or motor vehicle operators—fields that don’t require education beyond high school.
To address Indiana’s child care crises, the state should do two things: Spend more money and spend the money better.
Strengthening access to quality and affordable early care and education could prevent child care disruptions that, pre-pandemic, cost Indiana employers nearly $1.8 billion per year.
