The bill amends the Income Tax Act 2007 to raise the FamilyBoost tax credit amount and broaden who qualifies for it. FamilyBoost reimburses a portion of early childhood education costs for eligible families.
Parliament advanced this bill under urgency (committee of whole house, first reading, second reading, third reading) — moving it through faster than usual, with less time than normal for public submissions.
These are claims MPs made in Parliament’s debate — not verified facts.
This bill changes FamilyBoost, a tax credit that helps families with the cost of early childhood education (ECE), such as daycare and preschool fees. Under FamilyBoost, eligible households claim back part of their childcare costs as a quarterly payment. The bill makes the scheme more generous in two ways: it lifts the share of ECE fees families can claim back (raising the maximum quarterly payment), and it eases the income test so that families further up the income scale can still qualify. It affects working parents of young children who pay for early childhood education.
It is a government bill delivering on a commitment to help families with the cost of living. Supporters argue that increasing the rebate and widening eligibility puts real money back in the pockets of parents facing high childcare bills, easing financial pressure. Opponents argue the scheme is complex and under-claimed, that extending help to higher-income households is poorly targeted, and that subsidising families does little to tackle the underlying cost of childcare itself.
See the Parliament.nz ↗ site for the full bill.