NY A03595

Establishes a Disabled Child Care Act allowing a tax credit equal to 20 percent of qualified care expenses up to $2,400 per taxable year for taxpayers caring for a qualifying disabled child.

Provides an additional $75 credit for taxpayers with qualified care expenses of $240 or more in any taxable year.

Defines qualifying disabled children as those with autism, autism spectrum disorder, developmental disabilities, or physical disabilities who are within the third degree of consanguinity and reside with the taxpayer.

Allows qualified care expenses to include home health services, day care, personal care attendants, respite care, health equipment and supplies, home modifications, and assistive devices that are not covered by insurance or government programs.

Permits excess credits to be paid as overpayments without interest, and allows taxpayers not required to file returns to claim the full credit amount; requires equal division of credits among multiple household members unless a written agreement specifies otherwise.