Alaska 2025-2026 Regular Session

Alaska Senate Bill SB96 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
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2	2	SB0096A -1- SB 96
3	3	New Text Underlined [DELETED TEXT BRACKETED]
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5	5	34-LS0447\A
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9	9
10	10
11	11	SENATE BILL NO. 96
12	12
13	13	IN THE LEGISLATURE OF THE STATE OF ALASKA
14	14
15	15	THIRTY-FOURTH LEGISLATURE - FIRST SESSION
16	16
17	17	BY THE SENATE RULES COMMITTEE
18	18
19	19	Introduced: 2/12/25
20	20	Referred: Labor & Commerce, Finance
21	21
22	22
23	23	A BILL
24	24
25	25	FOR AN ACT ENTITLED
26	26
27	27	"An Act relating to education tax credits for certain payments and contributions for 1
28	28	child care and child care facilities; relating to the insurance tax education credit, the 2
29	29	income tax education credit, the oil or gas producer education credit, the property tax 3
30	30	education credit, the mining business education credit, the fisheries business education 4
31	31	credit, and the fisheries resource landing tax education credit; providing for an effective 5
32	32	date by amending the effective date of secs. 1, 2, and 21, ch. 61, SLA 2014; and providing 6
33	33	for an effective date." 7
34	34	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 8
35	35	* Section 1. AS 21.96.070(a) is amended by adding new paragraphs to read: 9
36	36	(11) expenditures made to operate a child care facility in the state for 10
37	37	the children of the taxpayer's employees; 11
38	38	(12) contributions of cash or equipment accepted by a child care 12
39	39	facility in the state operated by a nonprofit corporation and attended by one or more 13 34-LS0447\A
40	40	SB 96 -2- SB0096A
41	41	New Text Underlined [DELETED TEXT BRACKETED]
42	42
43	43	children of the taxpayer's employees; and 1
44	44	(13) a payment to an employee of the taxpayer made by the taxpayer 2
45	45	for the purpose of offsetting the employee's child care costs incurred in the state. 3
46	46	* Sec. 2. AS 21.96.070 is amended by adding a new subsection to read: 4
47	47	(i) Beginning January 1, 2030, and every five years thereafter, the Department 5
48	48	of Labor and Workforce Development shall adjust the dollar limit on credits under (d) 6
49	49	of this section for inflation, using 100 percent of the change over the preceding five 7
50	50	calendar years in the Consumer Price Index for all urban consumers for urban Alaska, 8
51	51	compiled by the Bureau of Labor Statistics, United States Department of Labor. 9
52	52	* Sec. 3. AS 43.20.014(a) is amended by adding new paragraphs to read: 10
53	53	(17) expenditures made to operate a child care facility in the state for 11
54	54	the children of the taxpayer's employees; 12
55	55	(18) contributions of cash or equipment accepted by a child care 13
56	56	facility in the state operated by a nonprofit corporation and attended by one or more 14
57	57	children of the taxpayer's employees; and 15
58	58	(19) a payment to an employee of the taxpayer made by the taxpayer 16
59	59	for the purpose of offsetting the employee's child care costs incurred in the state. 17
60	60	* Sec. 4. AS 43.20.014 is amended by adding a new subsection to read: 18
61	61	(i) Beginning January 1, 2030, and every five years thereafter, the Department 19
62	62	of Labor and Workforce Development shall adjust the dollar limit on credits under (d) 20
63	63	of this section for inflation, using 100 percent of the change over the preceding five 21
64	64	calendar years in the Consumer Price Index for all urban consumers for urban Alaska, 22
65	65	compiled by the Bureau of Labor Statistics, United States Department of Labor. 23
66	66	* Sec. 5. AS 43.55.019(a) is amended by adding new paragraphs to read: 24
67	67	(12) expenditures made to operate a child care facility in the state for 25
68	68	the children of the producer's employees; 26
69	69	(13) contributions of cash or equipment accepted by a child care 27
70	70	facility in the state operated by a nonprofit corporation and attended by one or more 28
71	71	children of the producer's employees; and 29
72	72	(14) a payment to an employee of the producer made by the producer 30
73	73	for the purpose of offsetting the employee's child care costs incurred in the state. 31 34-LS0447\A
74	74	SB0096A -3- SB 96
75	75	New Text Underlined [DELETED TEXT BRACKETED]
76	76
77	77	* Sec. 6. AS 43.55.019 is amended by adding a new subsection to read: 1
78	78	(j) Beginning January 1, 2030, and every five years thereafter, the Department 2
79	79	of Labor and Workforce Development shall adjust the limit under (d) of this section 3
80	80	for inflation, using 100 percent of the change over the preceding five calendar years in 4
81	81	the Consumer Price Index for all urban consumers for urban Alaska, compiled by the 5
82	82	Bureau of Labor Statistics, United States Department of Labor. 6
83	83	* Sec. 7. AS 43.56.018(a) is amended by adding new paragraphs to read: 7
84	84	(12) expenditures made to operate a child care facility in the state for 8
85	85	the children of the property owner's employees; 9
86	86	(13) contributions of cash or equipment accepted by a child care 10
87	87	facility in the state operated by a nonprofit corporation and attended by one or more 11
88	88	children of the property owner's employees; and 12
89	89	(14) a payment to an employee of the property owner made by the 13
90	90	owner for the purpose of offsetting the employee's child care costs incurred in the 14
91	91	state. 15
92	92	* Sec. 8. AS 43.56.018 is amended by adding a new subsection to read: 16
93	93	(i) Beginning January 1, 2030, and every five years thereafter, the department 17
94	94	shall adjust the dollar limit on credits under (d) of this section for inflation, using 100 18
95	95	percent of the change over the preceding five calendar years in the Consumer Price 19
96	96	Index for all urban consumers for urban Alaska, compiled by the Bureau of Labor 20
97	97	Statistics, United States Department of Labor. 21
98	98	* Sec. 9. AS 43.65.018(a) is amended by adding new paragraphs to read: 22
99	99	(17) expenditures made to operate a child care facility in the state for 23
100	100	the children of the person's employees; 24
101	101	(18) contributions of cash or equipment accepted by a child care 25
102	102	facility in the state operated by a nonprofit corporation and attended by one or more 26
103	103	children of the person's employees; and 27
104	104	(19) a payment to an employee of the person's business made by the 28
105	105	person for the purpose of offsetting the employee's child care costs incurred in the 29
106	106	state. 30
107	107	* Sec. 10. AS 43.65.018 is amended by adding a new subsection to read: 31 34-LS0447\A
108	108	SB 96 -4- SB0096A
109	109	New Text Underlined [DELETED TEXT BRACKETED]
110	110
111	111	(i) Beginning January 1, 2030, and every five years thereafter, the department 1
112	112	shall adjust the dollar limit on credits under (d) of this section for inflation, using 100 2
113	113	percent of the change over the preceding five calendar years in the Consumer Price 3
114	114	Index for all urban consumers for urban Alaska, compiled by the Bureau of Labor 4
115	115	Statistics, United States Department of Labor. 5
116	116	* Sec. 11. AS 43.75.018(a) is amended by adding new paragraphs to read: 6
117	117	(17) expenditures made to operate a child care facility in the state for 7
118	118	the children of the person's employees; 8
119	119	(18) contributions of cash or equipment accepted by a child care 9
120	120	facility in the state operated by a nonprofit corporation and attended by one or more 10
121	121	children of the person's employees; and 11
122	122	(19) a payment to an employee of the person's business made by the 12
123	123	person for the purpose of offsetting the employee's child care costs incurred in the 13
124	124	state. 14
125	125	* Sec. 12. AS 43.75.018 is amended by adding a new subsection to read: 15
126	126	(i) Beginning January 1, 2030, and every five years thereafter, the Department 16
127	127	of Labor and Workforce Development shall adjust the dollar limit on credits under (d) 17
128	128	of this section for inflation, using 100 percent of the change over the preceding five 18
129	129	calendar years in the Consumer Price Index for all urban consumers for urban Alaska, 19
130	130	compiled by the Bureau of Labor Statistics, United States Department of Labor. 20
131	131	* Sec. 13. AS 43.77.045(a) is amended by adding new paragraphs to read: 21
132	132	(17) expenditures made to operate a child care facility in the state for 22
133	133	the children of the person's employees; 23
134	134	(18) contributions of cash or equipment accepted by a child care 24
135	135	facility in the state operated by a nonprofit corporation and attended by one or more 25
136	136	children of the person's employees; and 26
137	137	(19) a payment to an employee of the person's business made by the 27
138	138	person for the purpose of offsetting the employee's child care costs incurred in the 28
139	139	state. 29
140	140	* Sec. 14. AS 43.77.045 is amended by adding a new subsection to read: 30
141	141	(i) Beginning January 1, 2030, and every five years thereafter, the Department 31 34-LS0447\A
142	142	SB0096A -5- SB 96
143	143	New Text Underlined [DELETED TEXT BRACKETED]
144	144
145	145	of Labor and Workforce Development shall adjust the dollar limit on credits under (d) 1
146	146	of this section for inflation, using 100 percent of the change over the preceding five 2
147	147	calendar years in the Consumer Price Index for all urban consumers for urban Alaska, 3
148	148	compiled by the Bureau of Labor Statistics, United States Department of Labor. 4
149	149	* Sec. 15. AS 21.96.070(a)(8), 21.96.070(a)(9), 21.96.070(a)(10), 21.96.070(g); 5
150	150	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), 6
151	151	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), 7
152	152	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), 8
153	153	43.65.018(g); AS 43.75.018(a)(14), 43.75.018(a)(15), 43.75.018(a)(16), 43.75.018(g); 9
154	154	AS 43.77.045(a)(14), 43.77.045(a)(15), 43.77.045(a)(16), and 43.77.045(g) are repealed. 10
155	155	* Sec. 16. The uncodified law of the State of Alaska is amended by adding a new section to 11
156	156	read: 12
157	157	RETROACTIVITY. This Act is retroactive to July 23, 2024. 13
158	158	* Sec. 17. Section 50, ch. 15, SLA 2024, is repealed. 14
159	159	* Sec. 18. Section 37, ch. 61, SLA 2014, as amended by sec. 40, ch. 101, SLA 2018, and 15
160	160	sec. 30, ch. 4, SLA 2024, is amended to read: 16
161	161	Sec. 37. Sections 1, 2, and 21, ch. 61, SLA 2014, take effect January 1, 2028 17
162	162	[2029]. 18
163	163	* Sec. 19. This Act takes effect immediately under AS 01.10.070(c). 19