1. Short title This Act may be cited as the Right Start Child Care and Education Act of 2024 . 2. Increase in employer-provided child care credit (a) Increase in creditable percentage of child care expenditures Paragraph (1) of section 45F(a) of the Internal Revenue Code of 1986 is amended by striking 25 percent and inserting 50 percent . (b) Increase in creditable percentage of resource and referral expenditures Paragraph (2) of section 45F(a) of the Internal Revenue Code of 1986 is amended by striking 10 percent and inserting 20 percent . (c) Increase in maximum credit Subsection (b) of section 45F of the Internal Revenue Code of 1986 is amended by striking $150,000 and inserting $500,000 . (d) Special rule for small businesses Section 45F(e) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph: (4) Small businesses (A) In general In the case of a taxpayer described in subparagraph (B)— (i) subsection (a)(1) shall be applied by substituting 60 percent for 50 percent , and (ii) subsection (b) shall be applied by substituting $600,000 for $500,000 . (B) Taxpayer described A taxpayer described in this subparagraph is a taxpayer that meets the gross receipts test of section 448(c), determined— (i) by substituting 5-taxable-year for 3-taxable-year in paragraph (1) thereof, and (ii) by substituting 5-year for 3-year each place such term appears in paragraph (3)(A) thereof. . (e) Treatment of jointly owned or operated childcare facility Section 45F(c)(1) of the Internal Revenue Code of 1986 is amended by adding at the end the following new subparagraph: (C) Jointly owned or operated childcare facility For purposes of subparagraph (A)(i)(I), a facility shall not fail to be treated as a qualified childcare facility of the taxpayer merely because such facility is jointly owned or operated by the taxpayer and other persons. . (f) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2024. 3. 3-year credit for individuals