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NY S08989

Bill

Official Source

Status

Introduced

9/18/2020

Primary Sponsor

Susan Serino

Click for details

Origin

Senate

2019-2020 General Assembly

AI Summary

  • Adds a new child and dependent care tax credit equal to 50% of the existing credit under tax law sections one and one-a for taxable years beginning after 2019
  • Limits the total combined credit to not exceed 100% of the federal child and dependent care credit allowable under Internal Revenue Code Section 21, regardless of whether the taxpayer actually claimed the federal credit
  • Takes effect immediately upon enactment

Legislative Description

Provides an additional child and dependent care tax credit equal to fifty percent of the credit allowed currently by law.

Last Action

REFERRED TO RULES

9/18/2020

Committee Referrals

Rules9/18/2020

Full Bill Text

No bill text available