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Who cares
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Sponsors
1 Co-sponsor
History
- Print number 4087a
- Amend and recommit to investigations and government operations
- Referred to investigations and government operations
- Referred to investigations and government operations
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S4087A
Title of bill
An act to amend the tax law, in relation to a child care tax credit
Purpose
Establishes a child care tax credit for the purposes of alleviating child care expenses that coexist with raising a child or children.
Summary of specific provisions
Section 1: Amends section 606 of the tax law by adding a new subsection.
Section 2: Specifies effective date.
Justification
This is essential in assisting low income or under-employed families that pay for child care. The child care credit will allow for parents or guardians to claim up to twenty-five percent of the expenses paid toward caring for their child up to nineteen years of age. Having this credit will allow those parents or guardians to continue in or seek gainful employment, and to have the additional option to attend school on either a part-time or full-time basis due to the financial incentives gained from the proposed child care credit.
Legislative history
New bill.
Fiscal implications
To be determined.
Effective date
Shall take effect on or after January 1, 2013.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.