S T A T E O F N E W Y O R K
________________________________________________________________________
2314
2025-2026 Regular Sessions
I N A S S E M B L Y
January 16, 2025
___________
Introduced by M. of A. RA, JENSEN, GANDOLFO, MAHER, SLATER, BENDETT,
BLANKENBUSH, MANKTELOW, SMULLEN, ANGELINO, MILLER, CHANG, LEMONDES,
McDONOUGH, BRABENEC, TANNOUSIS, MORINELLO, DeSTEFANO, TAGUE, SIMPSON,
PALMESANO, DiPIETRO, PIROZZOLO, WALSH -- read once and referred to the
Committee on Ways and Means
AN ACT to amend the tax law, in relation to establishing a supplemental
household and dependent care credit payment
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Subsection (c) of section 606 of the tax law is amended by
adding a new paragraph 1-c to read as follows:
(1-C) NOTWITHSTANDING ANYTHING IN THIS SUBSECTION TO THE CONTRARY, FOR
TAX YEARS BEGINNING ON OR AFTER JANUARY FIRST, TWO THOUSAND TWENTY-SIX,
THE COMMISSIONER SHALL ISSUE A PAYMENT OF A SUPPLEMENTAL HOUSEHOLD AND
DEPENDENT CARE SERVICES CREDIT TO TAXPAYERS ELIGIBLE FOR A CREDIT UNDER
THIS SUBSECTION. THE AMOUNT OF THE SUPPLEMENTAL PAYMENT SHALL BE EQUAL
TO FIFTEEN PERCENT OF THE TAXPAYER'S ACTUAL CREDIT AMOUNT ALLOWED PURSU-
ANT TO PARAGRAPH ONE OF THIS SUBSECTION. IF THE AMOUNT OF CREDIT ALLOW-
ABLE UNDER THIS SUBSECTION FOR ANY TAXABLE YEAR SHALL EXCEED THE TAXPAY-
ER'S TAX FOR SUCH YEAR, THE EXCESS SHALL BE TREATED AS AN OVERPAYMENT OF
TAX TO BE CREDITED OR REFUNDED IN ACCORDANCE WITH THE PROVISIONS OF
SECTION SIX HUNDRED EIGHTY-SIX OF THIS ARTICLE, PROVIDED, HOWEVER, THAT
NO INTEREST SHALL BE PAID THEREON.
§ 2. This act shall take effect immediately and shall apply to taxable
years commencing on and after January 1, 2026.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD02844-01-5
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