Assembly Bill A9265

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

                                  9265

                          I N  A S S E M B L Y

                            February 10, 2016
                               ___________

Introduced  by M. of A. LINARES -- read once and referred to the Commit-
  tee on Ways and Means

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.  Section  606  of  the  tax law is amended by adding a new
subsection (ccc) to read as follows:
  (CCC) CHILD CARE CREDIT. (1) ALLOWANCE OF CREDIT. A RESIDENT  TAXPAYER
SHALL  BE ALLOWED A CREDIT AGAINST THE TAXES IMPOSED BY THIS ARTICLE FOR
CERTAIN 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 OR TO SEEK EMPLOYMENT 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
  (B) A CHILD OF THE TAXPAYER WHO IS NOT YET 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 FIVE YEARS OF AGE.
  (5) AMOUNT OF CREDIT. A RESIDENT TAXPAYER SHALL BE  ALLOWED  A  CREDIT
AGAINST  THE  TAX  IMPOSED  BY  THIS  ARTICLE  OF  THIRTY 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, 2017.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD13900-01-6