Vote Smart's Synopsis:

Vote to pass a bill that amends the property tax exemption for property used by a for-profit provider of early childhood education in Indiana.

Highlights:

• Amends the property tax exemption for property used by a for-profit provider of early childhood education (Sec. 1-4).

• Requires the provider to offer age appropriate curriculum and by excluding from the exemption tangible property that has been granted a homestead standard deduction (Sec. 1-4).

• Authorizes a partial property tax exemption for an employer that provides child care on the employer's property for the employer's employees, and for the employees of another business if the employer and the other business enter into an agreement that outlines the terms under which the child care is to be provided (Sec. 1-4).

• Specifies the conditions that must be met to obtain the partial property tax exemption (Sec. 1-4).

• Requires the office of the secretary of family and social services, in consultation with the early learning advisory committee, to evaluate and make recommendations and submit a report; regarding child care (Sec. 1-4).

• Specifies that the provisions of this bill shall take effect January 1, 2025 (Sec. 5).

Full Bill Text

Full Bill Text