S. 3534 — A bill to amend the Internal Revenue Code of 1986 to provide a credit for increasing wages paid to child care providers.

S. 3534 — A bill to amend the Internal Revenue Code of 1986 to provide a credit for increasing wages paid to child care providers. | JustPolicyThe main purpose of this legislation is to support child care providers by offering a financial incentive for increasing wages paid to their employees. The goal is to improve the quality of child care services and make the profession more attractive, thereby addressing the ongoing challenges in the child care sector. Key provisions of this legislation include the establishment of a new tax credit called the "child care supply credit." This credit allows employers to receive a percentage of the wages they pay to qualified child care workers. Generally, this percentage is set at 5%.