senate Bill S620

2021-2022 Legislative Session

Provides a tax credit for qualified caregiving expenses

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Finance Committee


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

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Feb 02, 2021 reported and committed to finance
Jan 06, 2021 referred to budget and revenue

Votes

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Feb 2, 2021 - Budget and Revenue committee Vote

S620
6
0
committee
6
Aye
0
Nay
1
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Budget and Revenue committee vote details

Budget and Revenue Committee Vote: Feb 2, 2021

aye wr (1)

Co-Sponsors

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S620 (ACTIVE) - Details

See Assembly Version of this Bill:
A6932
Current Committee:
Senate Finance
Law Section:
Tax Law
Laws Affected:
Amd §606, Tax L
Versions Introduced in 2019-2020 Legislative Session:
S5100, A7209

S620 (ACTIVE) - Summary

Provides a tax credit for qualified caregiving expenses.

S620 (ACTIVE) - Sponsor Memo

S620 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    620
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                                (PREFILED)
 
                              January 6, 2021
                                ___________
 
 Introduced  by  Sen.  MAY  --  read  twice and ordered printed, and when
   printed to be committed to the Committee on Budget and Revenue
 
 AN ACT to amend the tax law, in relation to providing a tax  credit  for
   qualified  caregiving  expenses; and to provide for the repeal of such
   provisions upon the expiration thereof
 
   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 (kkk) to read as follows:
   (KKK) CAREGIVING TAX CREDIT. (1) FOR TAXABLE  YEARS  BEGINNING  ON  OR
 AFTER  JANUARY  FIRST,  TWO  THOUSAND  TWENTY-TWO, A QUALIFIED CAREGIVER
 SHALL BE ALLOWED A CREDIT AGAINST THE TAX IMPOSED BY THIS ARTICLE FOR  A
 PORTION  OF  THE  TOTAL  PURCHASE  PRICE PAID FOR A QUALIFIED CAREGIVING
 EXPENSE BY SUCH A QUALIFIED CAREGIVER FOR PERFORMING  CAREGIVING  DUTIES
 PROVIDED TO A QUALIFIED FAMILY MEMBER THAT RESIDED WITHIN THIS STATE.
   (2)  FOR  PURPOSES  OF THIS SECTION (A) "QUALIFIED CAREGIVING EXPENSE"
 MEANS PAYMENTS MADE BY THE QUALIFIED CAREGIVER FOR  GOODS  AND  SERVICES
 WHICH ARE PROVIDED TO OR FOR THE BENEFIT OF THE QUALIFYING FAMILY MEMBER
 OR TO ASSIST THE QUALIFIED CAREGIVER IN CARING FOR THE QUALIFYING FAMILY
 MEMBER. SUCH EXPENSES INCLUDE, BUT ARE NOT LIMITED TO, HOME HEALTH AGEN-
 CY  SERVICES,  ADULT  DAY  CARE,  COMPANIONSHIP  SERVICES, PERSONAL CARE
 ATTENDANT SERVICES, HOMEMAKER SERVICES, RESPITE CARE, HEALTH CARE EQUIP-
 MENT, ASSISTIVE DEVICES AND SUPPLIES, HOME MODIFICATION, TRANSPORTATION,
 LEGAL OR FINANCIAL SERVICES, AND ASSISTIVE TECHNOLOGY.
   (B) "QUALIFIED FAMILY MEMBER" MEANS AN INDIVIDUAL WHO IS: (I) AT LEAST
 EIGHTEEN YEARS OF AGE DURING A TAXABLE YEAR; (II) A RESIDENT OF NEW YORK
 STATE; (III) REQUIRES ASSISTANCE WITH AT LEAST  ONE  ACTIVITY  OF  DAILY
 LIVING  (ADL),  AS CERTIFIED BY A LICENSED HEALTH CARE PRACTITIONER; AND
 (IV) IS AN INDIVIDUAL WHO QUALIFIES AS  A  DEPENDENT,  SPOUSE,  DOMESTIC
 PARTNER  AS  DEFINED  BY  SECTION FOUR OF THE WORKERS' COMPENSATION LAW,
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

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