What's happening
Writing a plain-English summary… Track this bill to get it by email.
Why it matters
Albany, before your first meeting.
Every bill that moved yesterday, summarized in a sentence and ranked by impact. The Albany Scorecard follows on Sundays.
Free. Unsubscribe in one click. Want alerts on specific bills? Create an account.
Who cares
Headline styles
Sponsors
No co-sponsors yet.
History
- Referred to investigations and government operations
- Referred to rules
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Provides employers with a tax credit for expenditures to provide dependent care to adult dependents of employees and employees with a similar credit
In Assembly Committee · Ways And Means · Sponsor Steven Cymbrowitz
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the tax law, in relation to providing employers a tax credit for senior dependent care provided to employees and providing taxpayers with a credit for their own payments for such care
Purpose or general idea of bill
Provides employers with a tax credit for care to adult dependents of employees and expenditures to provide dependent employees with a similar credit.
Summary of specific provisions
Section 1: Amends Tax Law section 210 to add a new subdivision 41 that creates a income tax credit of up to $1000 per adult care recipient to any employer who provides or pays for adult dependent care for the adult dependents of its employees during business hours.
section 2: Amends Tax Law Section 606 to add a new subsection (qq) to allow a taxpayer credit against the tax imposed in an amount not in excess of $1000 for each adult day care recipient, which care must be provided in an eligible facility.
Section 3 and 4 - The commissioners of taxation and finance and children and family services shall promulgate any and all rules and regulations and take any other measure necessary to implement this act on its effective date.
Justification
An increasing number of New Yorkers are relying on adult care services to provide care for their adult dependents while they work outside the home. These services will become even more common as the number of senior citizens in New York continues to grow over the next several years. Just as child day care services have become an essential element of our state economy and help millions of New Yorkers to balance the needs of career and family, adult care services provide an equally important service to the growing population of New Yorkers who balance careers with caring for elderly or disabled relatives. This tax credit would help ease the financial burdens on caregivers and help ensure that dependent senior citizens receive the quality care and services they need. It would also encourage employers to offer adult care services to their employees.
Prior legislative history
2005-06 A.2781 Ways & Means, No Senate 2007-08 A.5136 Ways & Means, No Senate
Effective date
This act shall take effect on the 1st of January next succeeding the date on which it shall have become a law.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.