Bill Text: NY A00783 | 2011-2012 | General Assembly | Introduced

New York Assembly Bill 783 (Prior Session Legislation)

Introduced

Bill Title: Establishes a child care tax credit; applicable to child care expenses for children under thirteen years of age or who are disabled.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2012-01-04 - referred to ways and means [A00783 Detail]

Download: New_York-2011-A00783-Introduced.html

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                          783
                              2011-2012 Regular Sessions
                                 I N  A S S E M B L Y
                                      (PREFILED)
                                    January 5, 2011
                                      ___________
       Introduced by M. of A. WRIGHT -- 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:
    1    Section 1. Section 606 of the tax law  is  amended  by  adding  a  new
    2  subsection (ss) to read as follows:
    3    (SS)  CHILD  CARE CREDIT. (1) ALLOWANCE OF CREDIT. A RESIDENT TAXPAYER
    4  SHALL BE ALLOWED A CREDIT AGAINST THE TAXES IMPOSED BY THIS ARTICLE  FOR
    5  CHILD CARE EXPENSES.
    6    (2)  CHILD  CARE. CHILD CARE MEANS CARE PROVIDED TO A QUALIFYING CHILD
    7  OF THE TAXPAYER FOR THE PURPOSES OF ALLOWING THE TAXPAYER TO BE GAINFUL-
    8  LY EMPLOYED, TO SEEK EMPLOYMENT OR TO ATTEND SCHOOL ON  A  FULL-TIME  OR
    9  PART-TIME BASIS, EXCEPT THAT THE TERM DOES NOT INCLUDE CARE PROVIDED BY:
   10    (A) THE CHILD'S PARENT OR GUARDIAN, UNLESS THE CARE IS PROVIDED BY THE
   11  PARENT  IN  A CERTIFIED OR REGISTERED CHILD CARE FACILITY; OR THE PARENT
   12  OR GUARDIAN IS PHYSICALLY INCAPABLE OF CARING FOR THE CHILD; OR
   13    (B) A CHILD OF THE TAXPAYER WHO HAS  NOT  YET  ATTAINED  AGE  NINETEEN
   14  YEARS OF AGE AT THE CLOSE OF THE TAX YEAR.
   15    (3)  CHILD  CARE EXPENSES. CHILD CARE EXPENSES MEANS THE COSTS ASSOCI-
   16  ATED WITH PROVIDING CHILD CARE TO  A  QUALIFYING  CHILD  OF  A  RESIDENT
   17  TAXPAYER.
   18    (4)  QUALIFYING  CHILD. QUALIFYING CHILD MEANS A CHILD OF THE TAXPAYER
   19  WHO IS UNDER THIRTEEN YEARS OF AGE, OR WHO IS A DISABLED CHILD.
   20    (5) AMOUNT OF CREDIT. A RESIDENT TAXPAYER SHALL BE  ALLOWED  A  CREDIT
   21  AGAINST  THE  TAX  IMPOSED BY THIS ARTICLE OF TWENTY-FIVE PERCENT OF THE
   22  EXPENSES OF CHILD CARE.
   23    S 2. This act shall take effect immediately and shall apply to taxable
   24  years commencing on or after January 1, 2012.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD03106-01-1