Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Feb 21, 2014 |
print number 3744a |
Feb 21, 2014 |
amend and recommit to investigations and government operations |
Jan 08, 2014 |
referred to investigations and government operations |
Feb 13, 2013 |
referred to investigations and government operations |
Senate Bill S3744A
2013-2014 Legislative Session
Sponsored By
(D) 15th Senate District
Archive: Last Bill Status - In Senate Committee Investigations And Government Operations Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Bill Amendments
2013-S3744 - Details
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd §606, Tax L
- Versions Introduced in 2011-2012 Legislative Session:
-
S4087
2013-S3744 - Sponsor Memo
BILL NUMBER:S3744 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 alle- viating child care expenses that coexist with raising a child or chil- dren. 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.
2013-S3744 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3744 2013-2014 Regular Sessions I N S E N A T E February 13, 2013 ___________ Introduced by Sen. ADDABBO -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations 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: Section 1. Section 606 of the tax law is amended by adding a new subsection (vv) to read as follows: (VV) CHILD CARE CREDIT. (1) ALLOWANCE OF CREDIT. A RESIDENT TAXPAYER SHALL BE ALLOWED A CREDIT AGAINST THE TAXES IMPOSED BY THIS ARTICLE FOR CHILD CARE EXPENSES. (2) CHILD CARE. CHILD CARE MEANS CARE PROVIDED TO A QUALIFYING CHILD OF THE TAXPAYER FOR THE PURPOSES OF ALLOWING THE TAXPAYER TO BE GAINFUL- LY EMPLOYED, TO SEEK EMPLOYMENT OR TO ATTEND SCHOOL ON A FULL-TIME OR PART-TIME BASIS, EXCEPT THAT THE TERM DOES NOT INCLUDE CARE PROVIDED BY: (A) THE CHILD'S PARENT OR GUARDIAN, UNLESS THE CARE IS PROVIDED BY THE PARENT IN A CERTIFIED OR REGISTERED CHILD CARE FACILITY; OR THE PARENT OR GUARDIAN IS PHYSICALLY INCAPABLE OF CARING FOR THE CHILD; OR (B) A CHILD OF THE TAXPAYER WHO HAS NOT YET ATTAINED AGE NINETEEN YEARS OF AGE AT THE CLOSE OF THE TAX YEAR. (3) CHILD CARE EXPENSES. CHILD CARE EXPENSES MEANS THE COSTS ASSOCI- ATED WITH PROVIDING CHILD CARE TO A QUALIFYING CHILD OF A RESIDENT TAXPAYER. (4) QUALIFYING CHILD. QUALIFYING CHILD MEANS A CHILD OF THE TAXPAYER WHO IS UNDER THIRTEEN YEARS OF AGE, OR WHO IS A DISABLED CHILD. (5) AMOUNT OF CREDIT. A RESIDENT TAXPAYER SHALL BE ALLOWED A CREDIT AGAINST THE TAX IMPOSED BY THIS ARTICLE OF TWENTY-FIVE PERCENT OF THE EXPENSES OF CHILD CARE. S 2. This act shall take effect immediately and shall apply to taxable years commencing on or after January 1, 2014. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD00833-02-3
2013-S3744A (ACTIVE) - Details
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd §606, Tax L
- Versions Introduced in 2011-2012 Legislative Session:
-
S4087
2013-S3744A (ACTIVE) - Sponsor Memo
BILL NUMBER:S3744A 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
2013-S3744A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3744--A 2013-2014 Regular Sessions I N S E N A T E February 13, 2013 ___________ Introduced by Sen. ADDABBO -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations -- recommitted to the Committee on Investigations and Government Operations in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee 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: Section 1. Subsections (yy) and (zz) of section 606 of the tax law, as relettered by section 5 of part H of chapter 1 of the laws of 2003, are relettered subsection (yyy) and (zzz) and a new subsection (xx) is added to read as follows: (XX) CHILD CARE CREDIT. (1) ALLOWANCE OF CREDIT. A RESIDENT TAXPAYER SHALL BE ALLOWED A CREDIT AGAINST THE TAXES IMPOSED BY THIS ARTICLE FOR CHILD CARE EXPENSES. (2) CHILD CARE. CHILD CARE MEANS CARE PROVIDED TO A QUALIFYING CHILD OF THE TAXPAYER FOR THE PURPOSES OF ALLOWING THE TAXPAYER TO BE GAINFUL- LY EMPLOYED, TO SEEK EMPLOYMENT OR TO ATTEND SCHOOL ON A FULL-TIME OR PART-TIME BASIS, EXCEPT THAT THE TERM DOES NOT INCLUDE CARE PROVIDED BY: (A) THE CHILD'S PARENT OR GUARDIAN, UNLESS THE CARE IS PROVIDED BY THE PARENT IN A CERTIFIED OR REGISTERED CHILD CARE FACILITY; OR THE PARENT OR GUARDIAN IS PHYSICALLY INCAPABLE OF CARING FOR THE CHILD; OR (B) A CHILD OF THE TAXPAYER WHO HAS NOT YET ATTAINED AGE NINETEEN YEARS OF AGE AT THE CLOSE OF THE TAX YEAR. (3) CHILD CARE EXPENSES. CHILD CARE EXPENSES MEANS THE COSTS ASSOCI- ATED WITH PROVIDING CHILD CARE TO A QUALIFYING CHILD OF A RESIDENT TAXPAYER. (4) QUALIFYING CHILD. QUALIFYING CHILD MEANS A CHILD OF THE TAXPAYER WHO IS UNDER THIRTEEN YEARS OF AGE, OR WHO IS A DISABLED CHILD. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD00833-03-4
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