Georgia’s state senators are backing an expensive push by Republican Lt. Gov. Burt Jones to create a child tax credit.
The Senate voted 49-0 on Wednesday to pass Senate Bill 89. The measure would create a state income tax credit of up to $250 for every child younger than age 7, expand an existing tax credit for child care to give parents up to $300 more per child, and let employers claim a larger credit for investing in an on-site child care center.
All three provisions would cost the state $180 million or more in foregone tax revenue each year, estimates show. The new credit for children under 7 is by far the most expensive, at more than $160 million a year. House members must now decide whether they support the change even as state revenue growth has slowed.
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