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Giving credit where it's due: School Readiness Tax Credits benefit Louisiana families and communities

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Description:
Louisiana's current fiscal crisis has called all tax credits into question. As the state examines the purpose and effectiveness of its tax credits, the Louisiana Policy Institute for Children seeks to understand the effects of one tax credit package geared towards early care and education -- the School Readiness Tax Credits. Research into these unique tax credits unequivocally finds that the School Readiness Tax Credits have been an important and effective lever in: Supporting an industry of small businesses--child care centers--that is critical for the state's families and local economies; Supporting enhanced quality in the early care and education sector; Creating greater access to higher quality care for at-risk young children; Incentivizing teachers of young children to strengthen their credentials; Increasing awareness and use of higher quality programs; Incentivizing local investment in early care and education; and Improving outcomes for Louisiana's young children. The School Readiness Tax Credits have been successful in achieving these objectives without needing ballooning investment from the state. (author abstract)
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