To amend the Internal Revenue Code of 1986 to establish the childcare provider startup credit, to increase the amount of and make refundable the expenses for household and dependent care credit, and for other purposes.

Bill 119 hr 1067, also known as the Childcare Provider Startup Credit Act, aims to make changes to the Internal Revenue Code of 1986 in order to provide support for childcare providers and families in need of childcare services.

One key provision of the bill is the establishment of the childcare provider startup credit, which would provide financial assistance to individuals looking to start a childcare business. This credit would help cover the costs associated with starting a childcare facility, such as licensing fees, equipment purchases, and facility renovations.

Additionally, the bill seeks to increase the amount of the expenses for household and dependent care credit, which is currently non-refundable. By making this credit refundable, more families would be able to benefit from the financial assistance provided for childcare expenses. Overall, the goal of Bill 119 hr 1067 is to support both childcare providers and families in accessing affordable and quality childcare services. The bill aims to address the financial barriers that may prevent individuals from starting a childcare business and make childcare expenses more manageable for families.