Establishes the Promising Futures Act to support child care initiatives through dedicated revenues.
The bill establishes the Promising Futures Act to create a special fund, the Promising Futures Fund, dedicated to supporting child care initiatives. The fund will receive revenues from taxes on vapor products and hemp-derived cannabinoid products. The Department of Human Services will administer several pilot programs using these funds, including the Child Care Workforce Scholarship Pilot Program, CareShare Tennessee Pilot Program, and Smart Steps Plus Program.
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