assembly Bill A10265

2017-2018 Legislative Session

Increases the child and dependent care tax credit

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee


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

Your Voice

do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.

Actions

view actions (1)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Mar 27, 2018 referred to ways and means

Co-Sponsors

view additional co-sponsors

Multi-Sponsors

A10265 (ACTIVE) - Details

See Senate Version of this Bill:
S7815
Law Section:
Tax Law
Laws Affected:
Amd §606, Tax L
Versions Introduced in 2019-2020 Legislative Session:
A1060, S4458

A10265 (ACTIVE) - Summary

Increases the child and dependent care tax credit for taxable years beginning in 2019.

A10265 (ACTIVE) - Bill Text download pdf


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

                                  10265

                          I N  A S S E M B L Y

                             March 27, 2018
                               ___________

Introduced by M. of A. JAFFEE -- read once and referred to the Committee
  on Ways and Means

AN  ACT  to  amend  the tax law, in relation to increasing the child and
  dependent care tax credit

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

  Section 1. Paragraph (1-b) of subsection (c) of section 606 of the tax
law,  as added by section 2 of part T of chapter 59 of the laws of 2017,
is amended to read as follows:
  (1-b) Notwithstanding anything in this subsection to the  contrary,  a
taxpayer  shall be allowed a credit as provided in this subsection equal
to the applicable percentage of the credit allowable under section twen-
ty-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) that would have  been  allowed
absent the application of section 21(c) of such code [for taxpayers with
more than two qualifying individuals], provided however, that the credit
shall  be  calculated  as if the dollar limit on amount creditable shall
not exceed:
  (I) seven thousand five hundred dollars if there are three  qualifying
individuals, eight thousand five hundred dollars if there are four qual-
ifying  individuals, and nine thousand dollars if there are five or more
qualifying individuals FOR TAXABLE YEARS BEGINNING IN TWO THOUSAND EIGH-
TEEN; AND
  (II) SIX THOUSAND DOLLARS  IF  THERE  IS  ONE  QUALIFYING  INDIVIDUAL,
TWELVE THOUSAND DOLLARS IF THERE ARE TWO QUALIFYING INDIVIDUALS, FIFTEEN
THOUSAND  DOLLARS  IF  THERE ARE THREE QUALIFYING INDIVIDUALS, SEVENTEEN
THOUSAND DOLLARS IF THERE ARE FOUR QUALIFYING INDIVIDUALS, AND  EIGHTEEN
THOUSAND  DOLLARS  IF  THERE ARE FIVE OR MORE QUALIFYING INDIVIDUALS FOR
TAXABLE YEARS BEGINNING IN TWO THOUSAND NINETEEN.
  § 2. This act shall take effect immediately.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD14604-03-8