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NY S00192
Bill
Status
1/5/2011
Primary Sponsor
John DeFrancisco
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AI Summary
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Establishes a $1,000 personal income tax credit for qualified taxpayers caring for elderly dependents (age 65+) who are related within the third degree and lived with the taxpayer for 12 months preceding the tax year.
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Defines qualified taxpayers as single individuals with income of $40,000 or less, or married couples filing jointly with income of $75,000 or less, whose elderly dependent has income of $13,000 or less (or $20,000 or less for married elderly dependents).
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Provides employers a tax credit equal to 25% of expenses for elder care services provided during work hours, including contracts for off-site services or on-site facility costs, with a minimum enrollment of six persons age 65 or older.
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Restricts the employer credit to eligible employers licensed or certified under Public Health Law and Social Services Law and certified by the Department of Health; allows unused credits to carry forward for three successive years only.
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Effective for taxable years beginning on or after January 1, 2013.
Legislative Description
Establishes an elder tax credit for taxpayers providing elder care and corporations providing elder care for their employees; defines qualified taxpayer as a single person with an income under 40 thousand dollars or a married couple with a joint income of less than 75 thousand dollars; provides that the elderly person be 65 years of age or older with an income under 13 thousand dollars.
Last Action
REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
1/5/2011