Happening in the States
Most governors have delivered their State of the State addresses, released their budget frameworks, or both, to advance their agendas for 2024. So far, governors have highlighted their priorities in the areas of child care availability and affordability, natural disaster resiliency and recovery, tax cuts, and workforce development policies aimed at alleviating workforce shortages.
State legislators are demonstrating a commitment to expanding access to affordable child care. Given that a large share of child care providers are nonprofit organizations and that the lack of child care was identified as a major factor causing the nonprofit workforce shortage, the trend is of keen interest to charitable organizations across the country. Policy solutions to overcoming the lack of adequate, quality child care come in many forms.
- Property Tax Exemptions: Bills in Indiana, Kansas, and Missouri take different approaches to providing exemptions for nonprofit and for-profit properties used to provide child care.
- Sales Tax Exemptions: Legislation in Utah would exempt purchases of material for construction or expansion of child care facilities from the state sales tax.
- Tax Credits: A bill pending in Wisconsin would grant refundable tax credits up to $100,000 for expenses incurred for starting child care programs for employees and tax credits up to $3,000 per child for child care for employees’ children.
- Regulations: Indiana and Nebraska have legislation pending to reduce administrative, licensure, and insurance requirements to expand child care availability.
Access Remaining COVID-Relief Funds Before It Is Too Late
Tens of billions of dollars are still available for charitable nonprofits, but only if state and local governments commit to spending those funds on nonprofits by the end of 2024. Otherwise, the federal government may claw back uncommitted funds. Join this nationwide webinar to make sure charitable nonprofits know they are eligible for these resources and know how to access them before it’s too late. Treasury Deputy Secretary Wally Adeyemo will kick off the discussion of how nonprofits can access remaining Coronavirus State and Local Fiscal Recovery Funds made possible through the American Rescue Plan Act. He and other speakers will address the availability of these funds, priorities that deserve special attention, and examples of what works.
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