senate Bill S3744A

Establishes a child care tax credit

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Bill Status


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor
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actions

  • 13 / Feb / 2013
    • REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
  • 08 / Jan / 2014
    • REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
  • 21 / Feb / 2014
    • AMEND AND RECOMMIT TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
  • 21 / Feb / 2014
    • PRINT NUMBER 3744A

Summary

Establishes a child care tax credit; applicable to child care expenses for children under thirteen years of age or who are disabled.

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Bill Details

Versions:
S3744
S3744A
Legislative Cycle:
2013-2014
Current Committee:
Senate Investigations And Government Operations
Law Section:
Tax Law
Laws Affected:
Amd ยง606, Tax L
Versions Introduced in Previous Legislative Cycles:
2011-2012: S4087A
2009-2010: A1352
2007-2008: A5215

Sponsor Memo

BILL NUMBER:S3744A

TITLE OF BILL: An act to amend the tax law, in relation to a child
care tax credit

PURPOSE:

Establishes a child care tax credit for the purposes of alleviating
child care expenses that coexist with raising a child or children.

SUMMARY OF SPECIFIC PROVISIONS:

Section 1: Amends section 606 of the tax law by adding a new
subsection.

Section 2: Specifies effective date.

JUSTIFICATION:

This is essential in assisting low income or under-employed families
that pay for child care. The child care credit will allow for parents
or guardians to claim up to twenty-five percent of the expenses paid
toward caring for their child up to nineteen years of age. Having this
credit will allow those parents or guardians to continue in or seek
gainful employment, and to have the additional option to attend school
on either a part-time or full-time basis due to the financial
incentives gained from the proposed child care credit.

LEGISLATIVE HISTORY:

2013: S. 3744 - Referred to Investigations and Government Operations.

FISCAL IMPLICATIONS:

To be determined.

EFFECTIVE DATE:

Shall take effect on or after January 1, 2015.

view bill text
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 3744--A

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            February 13, 2013
                               ___________

Introduced  by  Sen. ADDABBO -- read twice and ordered printed, and when
  printed to be committed to the Committee on Investigations and Govern-
  ment Operations -- recommitted to the Committee on Investigations  and
  Government  Operations  in  accordance  with  Senate Rule 6, sec. 8 --
  committee discharged, bill amended, ordered reprinted as  amended  and
  recommitted to said committee

AN ACT to amend the tax law, in relation to a child care tax credit

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Subsections (yy) and (zz) of section 606 of the tax law, as
relettered by section 5 of part H of chapter 1 of the laws of 2003,  are
relettered subsection (yyy) and (zzz) and a new subsection (xx) is added
to read as follows:
  (XX)  CHILD  CARE CREDIT. (1) ALLOWANCE OF CREDIT. A RESIDENT TAXPAYER
SHALL BE ALLOWED A CREDIT AGAINST THE TAXES IMPOSED BY THIS ARTICLE  FOR
CHILD CARE EXPENSES.
  (2)  CHILD  CARE. CHILD CARE MEANS CARE PROVIDED TO A QUALIFYING CHILD
OF THE TAXPAYER FOR THE PURPOSES OF ALLOWING THE TAXPAYER TO BE GAINFUL-
LY EMPLOYED, TO SEEK EMPLOYMENT OR TO ATTEND SCHOOL ON  A  FULL-TIME  OR
PART-TIME BASIS, EXCEPT THAT THE TERM DOES NOT INCLUDE CARE PROVIDED BY:
  (A) THE CHILD'S PARENT OR GUARDIAN, UNLESS THE CARE IS PROVIDED BY THE
PARENT  IN  A CERTIFIED OR REGISTERED CHILD CARE FACILITY; OR THE PARENT
OR GUARDIAN IS PHYSICALLY INCAPABLE OF CARING FOR THE CHILD; OR
  (B) A CHILD OF THE TAXPAYER WHO HAS  NOT  YET  ATTAINED  AGE  NINETEEN
YEARS OF AGE AT THE CLOSE OF THE TAX YEAR.
  (3)  CHILD  CARE EXPENSES. CHILD CARE EXPENSES MEANS THE COSTS ASSOCI-
ATED WITH PROVIDING CHILD CARE TO  A  QUALIFYING  CHILD  OF  A  RESIDENT
TAXPAYER.
  (4)  QUALIFYING  CHILD. QUALIFYING CHILD MEANS A CHILD OF THE TAXPAYER
WHO IS UNDER THIRTEEN YEARS OF AGE, OR WHO IS A DISABLED CHILD.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00833-03-4

S. 3744--A                          2

  (5) AMOUNT OF CREDIT. A RESIDENT TAXPAYER SHALL BE  ALLOWED  A  CREDIT
AGAINST  THE  TAX  IMPOSED BY THIS ARTICLE OF TWENTY-FIVE PERCENT OF THE
EXPENSES OF CHILD CARE.
  S 2. This act shall take effect immediately and shall apply to taxable
years commencing on or after January 1, 2015.

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