Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 14, 2016 |
print number 1661a |
Jan 14, 2016 |
amend and recommit to investigations and government operations |
Jan 06, 2016 |
referred to investigations and government operations |
Jan 13, 2015 |
referred to investigations and government operations |
Senate Bill S1661A
2015-2016 Legislative Session
Sponsored By
(D) Senate District
Archive: Last Bill Status - In Senate Committee Investigations And Government Operations Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Bill Amendments
co-Sponsors
(D) Senate District
(D) Senate District
(D, IP) Senate District
(D, IP) Senate District
2015-S1661 - Details
2015-S1661 - Sponsor Memo
BILL NUMBER:S1661 TITLE OF BILL: An act to amend the tax law, in relation to the personal income tax credit for certain household and dependent care services necessary for gainful employment PURPOSE: This bill increases the Child and Dependent Care Credit by 50 percent on average for all qualifying taxpayers in New York State. The credit has not been increased since 1999. SUMMARY OF PROVISIONS: Section 1. Amends paragraph 1 of subsection (c) of section 606 of the tax law to provide for a fifty percent increase in the Child and Dependent Care Credit. The credit is limited to taxpayers who file jointly with adjusted gross incomes (AGI) under $350,000; taxpayers who file as heads of households with AGI under $300,000; or taxpayers who file singly with AGI under $175,000. Section 2. Effective date. JUSTIFICATION: Today's economy requires both parents to work to make ends meet. In addition, many single parents also work to support their families. Critical to these working people is affordable child care. The State does offers a Child and Dependent Care Credit to aid in recovering the costs of child care for working families. However, the
2015-S1661 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1661 2015-2016 Regular Sessions I N S E N A T E January 13, 2015 ___________ Introduced by Sens. CARLUCCI, KLEIN, AVELLA, SAVINO, VALESKY -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Government Operations AN ACT to amend the tax law, in relation to the personal income tax credit for certain household and dependent care services necessary for gainful employment THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph 1 of subsection (c) of section 606 of the tax law, as amended by section 1 of part M of chapter 63 of the laws of 2000, is amended to read as follows: (1) A taxpayer shall be allowed a credit as provided herein equal to the applicable percentage of the credit allowable under section twenty- one of the internal revenue code for the same taxable year (without regard to whether the taxpayer in fact claimed the credit under such section twenty-one for such taxable year). The applicable percentage shall be the sum of (i) twenty percent and (ii) a multiplier multiplied by a fraction. For taxable years beginning in nineteen hundred ninety- six and nineteen hundred ninety-seven, the numerator of such fraction shall be the lesser of (i) four thousand dollars or (ii) fourteen thou- sand dollars less the New York adjusted gross income for the taxable year, provided, however, the numerator shall not be less than zero. For the taxable year beginning in nineteen hundred ninety-eight, the numera- tor of such fraction shall be the lesser of (i) thirteen thousand dollars or (ii) thirty thousand dollars less the New York adjusted gross income for the taxable year, provided, however, the numerator shall not be less than zero. For taxable years beginning in nineteen hundred nine- ty-nine, the numerator of such fraction shall be the lesser of (i) fifteen thousand dollars or (ii) fifty thousand dollars less the New York adjusted gross income for the taxable year, provided, however, the numerator shall not be less than zero. For taxable years beginning after EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD02046-01-5
co-Sponsors
(D) Senate District
(D) Senate District
(D, IP) Senate District
(D, IP) Senate District
2015-S1661A (ACTIVE) - Details
2015-S1661A (ACTIVE) - Sponsor Memo
BILL NUMBER: S1661A TITLE OF BILL : An act to amend the tax law, in relation to the personal income tax credit for certain household and dependent care services necessary for gainful employment PURPOSE : This bill increases the Child and Dependent Care Credit by 50 percent on average for all qualifying taxpayers in New York State. The credit has not been increased since 1999. SUMMARY OF PROVISIONS : Section 1. Amends paragraph 1 of subsection (c) of section 606 of the tax law to provide for a fifty percent increase in the Child and Dependent Care Credit. The credit is limited to taxpayers who file jointly with adjusted gross incomes (AGI) under $350,000; taxpayers who file as heads of households with AGI under $300,000; or taxpayers who file singly with AGI under $175,000. Section 2. Effective date. JUSTIFICATION : Today's economy requires both parents to work to make ends meet. In
2015-S1661A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1661--A 2015-2016 Regular Sessions I N S E N A T E January 13, 2015 ___________ Introduced by Sens. CARLUCCI, KLEIN, AVELLA, SAVINO, VALESKY -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Government 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 commit- tee AN ACT to amend the tax law, in relation to the personal income tax credit for certain household and dependent care services necessary for gainful employment THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph 1 of subsection (c) of section 606 of the tax law, as amended by section 1 of part M of chapter 63 of the laws of 2000, is amended to read as follows: (1) A taxpayer shall be allowed a credit as provided herein equal to the applicable percentage of the credit allowable under section twenty- one of the internal revenue code for the same taxable year (without regard to whether the taxpayer in fact claimed the credit under such section twenty-one for such taxable year). The applicable percentage shall be the sum of (i) twenty percent and (ii) a multiplier multiplied by a fraction. For taxable years beginning in nineteen hundred ninety- six and nineteen hundred ninety-seven, the numerator of such fraction shall be the lesser of (i) four thousand dollars or (ii) fourteen thou- sand dollars less the New York adjusted gross income for the taxable year, provided, however, the numerator shall not be less than zero. For the taxable year beginning in nineteen hundred ninety-eight, the numera- tor of such fraction shall be the lesser of (i) thirteen thousand dollars or (ii) thirty thousand dollars less the New York adjusted gross income for the taxable year, provided, however, the numerator shall not be less than zero. For taxable years beginning in nineteen hundred nine- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD02046-02-6
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