To amend the Internal Revenue Code of 1986 to establish a refundable credit for qualified child care startup expenses.

Bill 119 HR 1296, also known as the Child Care Startup Credit Act, aims to amend the Internal Revenue Code of 1986 to create a refundable credit for qualified child care startup expenses. This bill is designed to provide financial assistance to individuals or organizations looking to start a child care facility.

The proposed credit would be available to eligible taxpayers who incur expenses related to starting a child care business. These expenses could include things like licensing fees, equipment purchases, facility renovations, and staff training. The credit would be refundable, meaning that even if the taxpayer does not owe any federal income tax, they would still receive the full amount of the credit as a refund.

The goal of this bill is to incentivize the creation of new child care facilities, which are often in high demand and can be costly to start up. By providing financial support to those looking to enter the child care industry, the bill aims to increase access to quality child care options for families across the country. Overall, the Child Care Startup Credit Act seeks to support the growth of the child care industry and improve access to affordable, high-quality child care for American families.