senate Bill S613B

2011-2012 Legislative Session

Provides employers with a tax credit for expenditures to provide dependent care to adult dependents of employees and employees with a similar credit

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Committee


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

do you support this bill?

Actions

view actions (6)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
May 17, 2012 print number 613b
amend (t) and recommit to investigations and government operations
Jan 04, 2012 referred to investigations and government operations
Mar 03, 2011 print number 613a
amend and recommit to investigations and government operations
Jan 05, 2011 referred to investigations and government operations

Bill Amendments

Original
A
B (Active)
Original
A
B (Active)

S613 - Details

See Assembly Version of this Bill:
A4245A
Current Committee:
Law Section:
Tax Law
Laws Affected:
Amd §§210 & 606, Tax L
Versions Introduced in 2009-2010 Legislative Session:
S6222, A4597A

S613 - Summary

Provides employers with a tax credit for expenditures to provide dependent care to adult dependents of employees of eligible expenditures for adults 60 or over or otherwise eligible; applies to corporate and noncorporate employers; also provides such a credit for employees or other taxpayers, to the extent not covered by the employer.

S613 - Sponsor Memo

S613 - Bill Text download pdf

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

                                   613

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 5, 2011
                               ___________

Introduced  by  Sen.  KLEIN  -- read twice and ordered printed, and when
  printed to be committed to the Committee on Investigations and Govern-
  ment Operations

AN ACT to amend the tax law, in relation to providing  employers  a  tax
  credit  for  senior dependent care provided to employees and providing
  taxpayers with a credit for their own payments for such care

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

  Section  1.  Section  210  of  the  tax law is amended by adding a new
subdivision 43 to read as follows:
  43. (A) THERE SHALL BE ALLOWED AS A CREDIT AGAINST THE TAX IMPOSED  BY
THIS  ARTICLE  FOR ANY TAXABLE YEAR AN AMOUNT NOT IN EXCESS OF ONE THOU-
SAND DOLLARS, FOR EACH ADULT CARE  RECIPIENT,  OF  THE  AMOUNT  ACTUALLY
EXPENDED  BY ANY EMPLOYER PROVIDING OR PAYING ANOTHER TO PROVIDE DEPEND-
ENT CARE FOR EMPLOYEES DURING THE EMPLOYEES' WORK HOURS, WHICH CARE MUST
BE PROVIDED IN AN ELIGIBLE FACILITY, AS DESCRIBED IN  PARAGRAPH  (C)  OF
THIS  SUBDIVISION.    CREDIT  IS  APPLIED  TO  THE  COST OF ANY CONTRACT
EXECUTED BY THE EMPLOYER FOR ANOTHER PROVIDER  OF  SERVICES  TO  PROVIDE
DEPENDENT  CARE;  OR,  IF  THE EMPLOYER ELECTS TO PROVIDE DEPENDENT CARE
ITSELF, TO EXPENSES INCURRED FOR:   DEPENDENT CARE STAFF,  LEARNING  AND
RECREATIONAL  MATERIALS  AND EQUIPMENT, AND THE CONSTRUCTION AND MAINTE-
NANCE OF A FACILITY.  THIS COST IS NET OF ANY REIMBURSEMENT. THE  CREDIT
SHALL  NOT BE ALLOWED FOR ANY EXPENSES WHICH ARE PAID BY AN EMPLOYEE AND
SERVE AS THE BASIS FOR A PERSONAL INCOME TAX CREDIT. THE CREDITS ALLOWED
UNDER THIS SUBDIVISION SHALL NOT BE USED BY ANY CORPORATION  OTHER  THAN
THE CORPORATION ACTUALLY QUALIFYING FOR THE CREDITS.
  (B) CREDIT MAY BE CARRIED FORWARD FOR THE FIVE SUCCESSIVE YEARS IF THE
AMOUNT  ALLOWABLE  AS CREDIT EXCEEDS INCOME TAX LIABILITY IN A TAX YEAR;
HOWEVER, THEREAFTER, IF THE AMOUNT ALLOWABLE AS A CREDIT EXCEEDS THE TAX

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD04909-01-1

S613A - Details

See Assembly Version of this Bill:
A4245A
Current Committee:
Law Section:
Tax Law
Laws Affected:
Amd §§210 & 606, Tax L
Versions Introduced in 2009-2010 Legislative Session:
S6222, A4597A

S613A - Summary

Provides employers with a tax credit for expenditures to provide dependent care to adult dependents of employees of eligible expenditures for adults 60 or over or otherwise eligible; applies to corporate and noncorporate employers; also provides such a credit for employees or other taxpayers, to the extent not covered by the employer.

S613A - Sponsor Memo

S613A - Bill Text download pdf

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

                                 613--A

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 5, 2011
                               ___________

Introduced  by  Sen.  KLEIN  -- read twice and ordered printed, and when
  printed to be committed to the Committee on Investigations and Govern-
  ment  Operations  --  committee  discharged,  bill  amended,   ordered
  reprinted as amended and recommitted to said committee

AN  ACT  to  amend the tax law, in relation to providing employers a tax
  credit for senior dependent care provided to employees  and  providing
  taxpayers with a credit for their own payments for such care

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

  Section 1. Section 210 of the tax law  is  amended  by  adding  a  new
subdivision 43 to read as follows:
  43.  (A) THERE SHALL BE ALLOWED AS A CREDIT AGAINST THE TAX IMPOSED BY
THIS ARTICLE FOR ANY TAXABLE YEAR AN AMOUNT NOT IN EXCESS OF  ONE  THOU-
SAND  DOLLARS,  FOR  EACH  ADULT  CARE RECIPIENT, OF THE AMOUNT ACTUALLY
EXPENDED BY ANY EMPLOYER PROVIDING OR PAYING ANOTHER TO PROVIDE  DEPEND-
ENT CARE FOR EMPLOYEES DURING THE EMPLOYEES' WORK HOURS, WHICH CARE MUST
BE  PROVIDED  IN  AN ELIGIBLE FACILITY, AS DESCRIBED IN PARAGRAPH (C) OF
THIS SUBDIVISION.   CREDIT IS  APPLIED  TO  THE  COST  OF  ANY  CONTRACT
EXECUTED  BY  THE  EMPLOYER  FOR ANOTHER PROVIDER OF SERVICES TO PROVIDE
DEPENDENT CARE; OR, IF THE EMPLOYER ELECTS  TO  PROVIDE  DEPENDENT  CARE
ITSELF,  TO  EXPENSES INCURRED FOR:   DEPENDENT CARE STAFF, LEARNING AND
RECREATIONAL MATERIALS AND EQUIPMENT, AND THE CONSTRUCTION  AND  MAINTE-
NANCE  OF A FACILITY.  THIS COST IS NET OF ANY REIMBURSEMENT. THE CREDIT
SHALL NOT BE ALLOWED FOR ANY EXPENSES WHICH ARE PAID BY AN EMPLOYEE  AND
SERVE AS THE BASIS FOR A PERSONAL INCOME TAX CREDIT. THE CREDITS ALLOWED
UNDER  THIS  SUBDIVISION SHALL NOT BE USED BY ANY CORPORATION OTHER THAN
THE CORPORATION ACTUALLY QUALIFYING FOR THE CREDITS.
  (B) CREDIT MAY BE CARRIED FORWARD FOR THE FIVE SUCCESSIVE YEARS IF THE
AMOUNT ALLOWABLE AS CREDIT EXCEEDS INCOME TAX LIABILITY IN A  TAX  YEAR;
HOWEVER, THEREAFTER, IF THE AMOUNT ALLOWABLE AS A CREDIT EXCEEDS THE TAX

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

S613B (ACTIVE) - Details

See Assembly Version of this Bill:
A4245A
Current Committee:
Law Section:
Tax Law
Laws Affected:
Amd §§210 & 606, Tax L
Versions Introduced in 2009-2010 Legislative Session:
S6222, A4597A

S613B (ACTIVE) - Summary

Provides employers with a tax credit for expenditures to provide dependent care to adult dependents of employees of eligible expenditures for adults 60 or over or otherwise eligible; applies to corporate and noncorporate employers; also provides such a credit for employees or other taxpayers, to the extent not covered by the employer.

S613B (ACTIVE) - Sponsor Memo

S613B (ACTIVE) - Bill Text download pdf

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

                                 613--B

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 5, 2011
                               ___________

Introduced  by  Sen.  KLEIN  -- read twice and ordered printed, and when
  printed to be committed to the Committee on Investigations and Govern-
  ment  Operations  --  committee  discharged,  bill  amended,   ordered
  reprinted  as amended and recommitted to said committee -- 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  commit-
  tee

AN  ACT to amend the tax law, in relation to establishing business fran-
  chise and personal income tax credits for employers which provide care
  for the elderly dependents of their employees during  work  hours  and
  establishing a personal income tax credit for the provision of care to
  the elderly dependent of a taxpayer during work hours

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

  Section 1. Section 210 of the tax law  is  amended  by  adding  a  new
subdivision 45 to read as follows:
  45.  EMPLOYEE ELDERLY DEPENDENT CARE CREDIT.  (A) ALLOWANCE OF CREDIT.
THERE SHALL BE ALLOWED AS A CREDIT AGAINST THE TAX IMPOSED BY THIS ARTI-
CLE FOR THE AMOUNT, NOT TO EXCEED ONE THOUSAND DOLLARS FOR EACH EMPLOYEE
DEPENDENT FOR WHICH ADULT  DAY  CARE  SERVICES  ARE  PROVIDED,  ACTUALLY
EXPENDED  BY THE TAXPAYER PROVIDING OR PAYING ANOTHER TO PROVIDE DEPEND-
ENT CARE FOR THE TAXPAYER'S EMPLOYEES' DEPENDENTS DURING THE  EMPLOYEES'
WORK  HOURS,  WHICH  CARE  MUST  BE PROVIDED IN AN ELIGIBLE FACILITY, AS
DESCRIBED IN PARAGRAPH (C) OF THIS SUBDIVISION.   CREDIT IS  APPLIED  TO
THE  COST  OF ANY CONTRACT EXECUTED BY THE TAXPAYER FOR ANOTHER PROVIDER
OF SERVICES TO PROVIDE DEPENDENT CARE; OR, IF  THE  TAXPAYER  ELECTS  TO
PROVIDE DEPENDENT CARE ITSELF, TO EXPENSES INCURRED FOR:  DEPENDENT CARE
STAFF,  LEARNING  AND  RECREATIONAL  MATERIALS  AND  EQUIPMENT,  AND THE
CONSTRUCTION AND MAINTENANCE OF A FACILITY.   THIS COST IS  NET  OF  ANY

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

Comments

Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Comment moderation is generally performed Monday through Friday.

By contributing or voting you agree to the Terms of Participation and verify you are over 13.