 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          7829
 
                               2017-2018 Regular Sessions
 
                   IN ASSEMBLY
 
                                      May 16, 2017
                                       ___________
 
        Introduced  by  M.  of  A.  DE LA ROSA  -- 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 (ccc) to read as follows:
     3    (ccc) 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  certain 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 or to seek employment except that the term does not include
     9  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
    12    (B) a child of the taxpayer who is not yet nineteen years  of  age  at
    13  the close of the tax year.
    14    (3)  Child  care expenses. Child care expenses means the costs associ-
    15  ated with providing child care to  a  qualifying  child  of  a  resident
    16  taxpayer.
    17    (4)  Qualifying  child. Qualifying child means a child of the taxpayer
    18  who is under five years of age.
    19    (5) Amount of credit. A resident taxpayer shall be  allowed  a  credit
    20  against  the  tax  imposed  by  this  article  of  thirty percent of the
    21  expenses of child care.
    22    § 2. This act shall take effect immediately and shall apply to taxable
    23  years commencing on or after January 1, 2018.
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD10037-01-7
Relates to a child care tax credit

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