S T A T E O F N E W Y O R K
________________________________________________________________________
967
2025-2026 Regular Sessions
I N S E N A T E
(PREFILED)
January 8, 2025
___________
Introduced by Sen. ROLISON -- read twice and ordered printed, and when
printed to be committed to the Committee on Children and Families
AN ACT to amend the social services law, in relation to increasing the
aggregate amount of tax credits available for business entities who
provide child care services
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Section 394-e of the social services law, as added by
section 1 of part G of chapter 59 of the laws of 2023, is amended to
read as follows:
§ 394-e. Allocation of credit. The aggregate amount of tax credits
allowed under this title, subdivision fifty-nine of section two hundred
ten-B, subsection (ooo) of section six hundred six and subdivision (ee)
of section fifteen hundred eleven of the tax law shall be [twenty-five]
FIFTY million dollars each year during the period two thousand twenty-
three and two thousand twenty-four. Such aggregate amount of credits
shall be allocated by the office on a pro rata basis to each business
entity that demonstrates eligibility pursuant to section three hundred
ninety-four-b of this title.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD02873-01-5