S T A T E O F N E W Y O R K
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7829
2017-2018 Regular Sessions
I N A S S E M B L Y
May 16, 2017
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Introduced by M. of A. DE LA ROSA -- read once and referred to the
Committee 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.
§ 2. This act shall take effect immediately and shall apply to taxable
years commencing on or after January 1, 2018.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD10037-01-7