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NY S00613
Bill
Status
1/5/2011
Primary Sponsor
Jeffrey Klein
Click for details
AI Summary
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Allows employers a tax credit up to $1,000 per adult care recipient for expenses providing or paying for dependent care for employees during work hours at eligible facilities.
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Eligible facilities must have average daily enrollment of at least six persons age 60 or older and be licensed/certified, or serve five or fewer elderly persons in approved family care homes, or serve adult relatives or dependents with disabilities at community-based or on-site facilities.
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Permits employers to claim credit for staff costs, learning and recreational materials, equipment, and facility construction and maintenance, with employers certified by the Office of Children and Family Services for elderly programs or the Commissioner for other adult dependents.
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Allows individual taxpayers a separate credit up to $1,000 per adult care recipient for their own payments to eligible facilities, excluding expenses paid by employers.
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Credits may be carried forward five years if they exceed tax liability in a given year, but excess amounts are not refundable after that period; effective January 1 following enactment.
Legislative Description
Provides employers with a tax credit for expenditures to provide dependent care to adult dependents of employees of eligible expenditures for adults 60 or over or otherwise eligible; applies to corporate and noncorporate employers; also provides such a credit for employees or other taxpayers, to the extent not covered by the employer.
Last Action
REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
1/5/2011