SF339

Senate File No. 339 is a proposed legislative bill from Minnesota that focuses on supporting licensed in-home child care providers. This bill proposes to establish a tax credit specifically for properties used by these providers for family day care or group family day care activities. Key aspects of the bill include:

1. Eligibility: Only properties that are classified under certain tax classifications and are used to operate a licensed family day care or group family day care qualify for this credit.

2. Notification: By a set deadline each year, the Commissioner of Human Services is required to provide a list of all licensed family day care or group family day care providers in each county.

3. Credit Amount: The bill proposes a tax credit amounting to 50% of the net tax owed on the property after all other applicable credits.

4. Reimbursement Process: The county auditor determines the total tax reduction for qualifying providers and notifies the Commissioner of Revenue who is responsible for rechecking and possibly adjusting these figures. Tax reductions are reimbursed to local taxing jurisdictions and school districts in specific installments.

5. Funding: The necessary funds to cover these tax credits and reimbursements are appropriated annually from the state’s general fund both to the Commissioner of Revenue and the Commissioner of Education as needed for distributions.

The bill aims to alleviate financial burdens on in-home child care providers by reducing their property tax expenses, thereby potentially supporting the availability of child care services.