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CHILD CARE LEGISLATION -- 106th CONGRESS 1999 BILL Funding Amount Subsidies Quality Activities Other Targeted Child Dependent Care Tax Employer Incentives Other Features Care Activities Credits (DCTC) President's Child $19.3 billion over 5 Provides an additional Establishes a new Early Expands the 21st Century Invests $5 billion over 5 Includes approximately Care Initiative years (plus $182 $7.5 billion in Learning Fund -- $3 billion Community Learning years in the DCTC, $500 million over 5 years million per year for mandatory funding over 5 years -- which provides Center program by $2 increasing tax credits for for tax credits to businesses quality and research over 5 years through challenge grants to billion over 5 years to three million working that provide child care activities) the CCDBG to communities (distributed to provide funds to school- families with incomes below services for their increase the amount states) to support programs that community partnerships to $60,000. employees, building or of child care subsidies promote early learning and the establish or expand the expanding child care available to working quality and safety of child care supply of afterschool care Invests $1.3 billion over 5 facilities, operating existing families. Will for children ages zero to five. for school-age children. years in the DCTC for facilities, training child care increase the number Funds may be used for a variety parents who stay at home workers, reserving slots for of children served by of activities. with a child under age one, employees at child care 1.15 million by FY to benefit 1.7 million facilities, or providing child 2004. families. Families take care resource and referral advantage of the credit by services to employees. The assuming up to $500 of child credit covers 25% of the care expenses per year. qualified costs (maximum credit -- $150,000/year). March 19, 1999 (2:40pm) -- HHS -- ASL 1