Assembly Bill A6142

2013-2014 Legislative Session

Creates deductions for creation or improvements of child care facilities

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly 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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions

2013-A6142 (ACTIVE) - Details

Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Add §188-a, amd §§208, 612 & 1453, Tax L
Versions Introduced in Other Legislative Sessions:
2009-2010: A4194
2011-2012: A4682
2015-2016: A4429
2017-2018: A4764
2019-2020: A5227
2021-2022: A4511
2023-2024: A4469

2013-A6142 (ACTIVE) - Summary

Creates deduction from franchise tax and personal income tax for costs of acquiring or improving child care facility operated for profit; creates deduction from corporation tax, franchise tax, personal income tax and tax on banks for costs of acquiring or improving child care facility operated primarily for children of taxpayer's employees.

2013-A6142 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  6142

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                             March 15, 2013
                               ___________

Introduced  by M. of A. RAMOS -- read once and referred to the Committee
  on Ways and Means

AN ACT to amend the tax law, in relation to providing tax deductions for
  expenditures made to purchase, construct, renovate  or  remodel  child
  care facilities

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The tax law is amended by adding a  new  section  188-a  to
read as follows:
  S  188-A.  DEDUCTION FOR CREATION OR IMPROVEMENT OF CHILD CARE FACILI-
TIES. A TAXPAYER OPERATING A CHILD CARE FACILITY WITHIN THE STATE PRIMA-
RILY FOR THE CHILDREN OF SUCH TAXPAYER'S EMPLOYEES, SHALL BE  ALLOWED  A
DEDUCTION  FROM  TAXABLE  INCOME  FOR  ANY  EXPENDITURE MADE TO ACQUIRE,
CONSTRUCT, RENOVATE OR REMODEL SUCH CHILD CARE FACILITY OR THE EQUIPMENT
THEREIN. THE DEDUCTION CREATED BY THIS SECTION SHALL  BE  DEDUCTED  OVER
TWENTY-FOUR  MONTHS  COMMENCING  IN THE MONTH IN WHICH SUCH ACQUISITION,
CONSTRUCTION,  RENOVATION  OR  REMODELING  IS  PUT  INTO  SERVICE.   THE
DEDUCTION  PROVIDED BY THIS SECTION SHALL BE IN LIEU OF ANY OTHER ALLOW-
ANCE FOR THE EXHAUSTION OF SUCH PROPERTY USED IN  A  TRADE  OR  BUSINESS
HELD  FOR THE PRODUCTION OF INCOME, INCLUDING A REASONABLE ALLOWANCE FOR
OBSOLESCENCE PURSUANT TO SECTION ONE HUNDRED SIXTY-SEVEN OR ONE  HUNDRED
EIGHTY-EIGHT OF THE INTERNAL REVENUE CODE.
  S  2. Subdivision 9 of section 208 of the tax law is amended by adding
two new paragraphs (r) and (s) to read as follows:
  (R) A TAXPAYER OPERATING A CHILD CARE FACILITY FOR  PROFIT,  SHALL  BE
ALLOWED  A  DEDUCTION FROM ENTIRE NET INCOME FOR ANY EXPENDITURE MADE TO
ACQUIRE, CONSTRUCT, RENOVATE OR REMODEL SUCH CHILD CARE FACILITY OR  THE
EQUIPMENT  THEREIN.  THE  DEDUCTION  CREATED  BY THIS PARAGRAPH SHALL BE
DEDUCTED OVER SIXTY MONTHS COMMENCING IN THE MONTH IN WHICH SUCH  ACQUI-
SITION, CONSTRUCTION, RENOVATION OR REMODELING IS PUT INTO SERVICE.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08723-01-3

              

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.