Assembly Bill A5217

2023-2024 Legislative Session

Relates to the establishment of the small business child & dependent care savings program

download bill text pdf

Sponsored By

Current Bill Status - In Assembly 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

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2023-A5217 (ACTIVE) - Details

Current Committee:
Assembly Small Business
Law Section:
State Finance Law
Laws Affected:
Add Art 17 §§255 - 263, §99-qq, St Fin L; amd §612, Tax L
Versions Introduced in Other Legislative Sessions:
2017-2018: A6570
2019-2020: A6972
2021-2022: A5758

2023-A5217 (ACTIVE) - Summary

Establishes the small business child and dependent care savings program; provides the basic framework therefor.

2023-A5217 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5217
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               March 7, 2023
                                ___________
 
 Introduced  by  M.  of  A.  BARCLAY,  LEMONDES, DeSTEFANO, J. M. GIGLIO,
   BRABENEC -- Multi-Sponsored by -- M. of A. K. BROWN, MANKTELOW -- read
   once and referred to the Committee on Small Business
 
 AN ACT to amend the state finance law and the tax law,  in  relation  to
   the  establishment  of  the  small  business  child and dependent care
   savings program
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The state finance law is amended by adding a new article 17
 to read as follows:
                                ARTICLE 17
  NEW YORK STATE SMALL BUSINESS CHILD AND DEPENDENT CARE SAVINGS PROGRAM
 SECTION 255. SHORT TITLE.
         256. DEFINITIONS.
         257. PROGRAM ESTABLISHED.
         258. PROGRAM ADMINISTRATION.
         259. PROGRAM IMPLEMENTATION AND ENROLLMENT.
         260. PAYMENTS.
         261. DUTY AND LIABILITY OF THE STATE.
         262. DUTY AND LIABILITY OF PARTICIPATING EMPLOYERS.
         263. DELAYED IMPLEMENTATION.
   §  255.  SHORT  TITLE. THIS ACT SHALL BE KNOWN AND MAY BE CITED AS THE
 "NEW YORK SMALL BUSINESS CHILD AND DEPENDENT CARE SAVINGS PROGRAM ACT".
   § 256. DEFINITIONS. THE FOLLOWING TERMS SHALL HAVE THE FOLLOWING MEAN-
 INGS:
   1. "COMMISSIONER" SHALL MEAN THE COMMISSIONER OF LABOR.
   2. "COMPTROLLER" SHALL MEAN THE COMPTROLLER OF THE STATE.
   3. "EMPLOYEE" SHALL MEAN ANY INDIVIDUAL WHO IS EIGHTEEN YEARS  OF  AGE
 OR  OLDER,  WHO IS EMPLOYED BY AN EMPLOYER, AND WHO EARNED WAGES WORKING
 FOR AN EMPLOYER IN NEW YORK STATE DURING A CALENDAR YEAR.
   4. "EMPLOYER" SHALL MEAN A PERSON OR ENTITY  ENGAGED  IN  A  BUSINESS,
 INDUSTRY,  PROFESSION,  TRADE,  OR  OTHER  ENTERPRISE IN NEW YORK STATE,
 WHETHER FOR PROFIT OR NOT FOR PROFIT, THAT (A) HAS AT ALL  TIMES  DURING
 THE  PREVIOUS  CALENDAR YEAR EMPLOYED AT LEAST ONE BUT NOT MORE THAN ONE
 
              

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