| Date of Action |
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|---|---|
| Jan 21, 2014 |
print number 5451b |
| Jan 21, 2014 |
amend and recommit to investigations and government operations |
| Jan 08, 2014 |
referred to investigations and government operations |
| Jun 10, 2013 |
print number 5451a |
| Jun 10, 2013 |
amend and recommit to investigations and government operations |
| May 16, 2013 |
referred to investigations and government operations |
Senate Bill S5451
2013-2014 Legislative Session
Sponsored By
(D) Senate District
Archive: Last Bill Status - In Senate Committee Investigations And Government Operations Committee
Actions
Bill Amendments
co-Sponsors
(D) Senate District
(D, IP) Senate District
(D, IP) Senate District
2013-S5451 - Details
2013-S5451 - Sponsor Memo
BILL NUMBER:S5451
TITLE OF BILL: An act to amend the tax law, in relation to the
personal income tax credit for certain household and dependent care
services necessary for gainful employment
PURPOSE:
This bill increases the Child and Dependent Care Credit by 50 percent
on average for all qualifying taxpayers in New York State with incomes
below $350,000.
SUMMARY OF PROVISIONS:
Section 1 amends section 606(c) of the tax law to provide for a fifty
percent increase in the Child and Dependent Care Credit. The credit
has not been increased since 1999.
Section 2 provides that the bill take effect immediately and shall
apply to taxable years beginning on or after January 1, 2013.
JUSTIFICATION:
Today's economy requires both parents to work to make ends meet. In
addition, many single parents also work to support their families.
Critical to these working people is affordable child care. The State
2013-S5451 - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
5451
2013-2014 Regular Sessions
I N S E N A T E
May 16, 2013
___________
Introduced by Sens. CARLUCCI, KLEIN, SAVINO, VALESKY -- read twice and
ordered printed, and when printed to be committed to the Committee on
Investigations and Government Operations
AN ACT to amend the tax law, in relation to the personal income tax
credit for certain household and dependent care services necessary for
gainful employment
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Paragraph 1 of subsection (c) of section 606 of the tax
law, as amended by section 1 of part M of chapter 63 of the laws of
2000, is amended to read as follows:
(1) A taxpayer shall be allowed a credit as provided herein equal to
the applicable percentage of the credit allowable under section twenty-
one of the internal revenue code for the same taxable year (without
regard to whether the taxpayer in fact claimed the credit under such
section twenty-one for such taxable year). The applicable percentage
shall be the sum of (i) twenty percent and (ii) a multiplier multiplied
by a fraction. For taxable years beginning in nineteen hundred ninety-
six and nineteen hundred ninety-seven, the numerator of such fraction
shall be the lesser of (i) four thousand dollars or (ii) fourteen thou-
sand dollars less the New York adjusted gross income for the taxable
year, provided, however, the numerator shall not be less than zero. For
the taxable year beginning in nineteen hundred ninety-eight, the numera-
tor of such fraction shall be the lesser of (i) thirteen thousand
dollars or (ii) thirty thousand dollars less the New York adjusted gross
income for the taxable year, provided, however, the numerator shall not
be less than zero. For taxable years beginning in nineteen hundred nine-
ty-nine, the numerator of such fraction shall be the lesser of (i)
fifteen thousand dollars or (ii) fifty thousand dollars less the New
York adjusted gross income for the taxable year, provided, however, the
numerator shall not be less than zero. For taxable years beginning after
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD10853-02-3
co-Sponsors
(D) Senate District
(D, IP) Senate District
(D, IP) Senate District
2013-S5451A - Details
2013-S5451A - Sponsor Memo
BILL NUMBER:S5451A
TITLE OF BILL: An act to amend the tax law, in relation to the
personal income tax credit for certain household and dependent care
services necessary for gainful employment
PURPOSE: This bill increases the Child and Dependent Care Credit by
50 percent on average for all qualifying taxpayers in New York State
with incomes below $350,000.
SUMMARY OF PROVISIONS:
Section 1 amends section 606(c) of the tax law to provide for a fifty
percent increase in the Child and Dependent Care Credit. The credit
has not been increased since 1999.
Section 2 provides that the bill take effect immediately and shall
apply to taxable years beginning on or after January 1, 2013.
JUSTIFICATION: Today's economy requires both parents to work to make
ends meet. In addition, many single parents also work to support their
families. Critical to these working people is affordable child care.
The State does offers a Child and Dependent Care Credit to aid in
recovering the costs of child care for working families. However, the
value of the credit has not been increased since 1999. During this
time period, many more parents are entering the workforce and the cost
2013-S5451A - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
5451--A
2013-2014 Regular Sessions
I N S E N A T E
May 16, 2013
___________
Introduced by Sens. CARLUCCI, KLEIN, SAVINO, VALESKY -- read twice and
ordered printed, and when printed to be committed to the Committee on
Investigations and Government Operations -- committee discharged, bill
amended, ordered reprinted as amended and recommitted to said commit-
tee
AN ACT to amend the tax law, in relation to the personal income tax
credit for certain household and dependent care services necessary for
gainful employment
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Paragraph 1 of subsection (c) of section 606 of the tax
law, as amended by section 1 of part M of chapter 63 of the laws of
2000, is amended to read as follows:
(1) A taxpayer shall be allowed a credit as provided herein equal to
the applicable percentage of the credit allowable under section twenty-
one of the internal revenue code for the same taxable year (without
regard to whether the taxpayer in fact claimed the credit under such
section twenty-one for such taxable year). The applicable percentage
shall be the sum of (i) twenty percent and (ii) a multiplier multiplied
by a fraction. For taxable years beginning in nineteen hundred ninety-
six and nineteen hundred ninety-seven, the numerator of such fraction
shall be the lesser of (i) four thousand dollars or (ii) fourteen thou-
sand dollars less the New York adjusted gross income for the taxable
year, provided, however, the numerator shall not be less than zero. For
the taxable year beginning in nineteen hundred ninety-eight, the numera-
tor of such fraction shall be the lesser of (i) thirteen thousand
dollars or (ii) thirty thousand dollars less the New York adjusted gross
income for the taxable year, provided, however, the numerator shall not
be less than zero. For taxable years beginning in nineteen hundred nine-
ty-nine, the numerator of such fraction shall be the lesser of (i)
fifteen thousand dollars or (ii) fifty thousand dollars less the New
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD10853-03-3
co-Sponsors
(D) Senate District
(D, IP) Senate District
(D, IP) Senate District
2013-S5451B (ACTIVE) - Details
2013-S5451B (ACTIVE) - Sponsor Memo
BILL NUMBER:S5451B
TITLE OF BILL: An act to amend the tax law, in relation to the
personal income tax credit for certain household and dependent care
services necessary for gainful employment
PURPOSE: This bill increases the Child and Dependent Care Credit by
50 percent on average for all qualifying taxpayers in New York State
with incomes below $350,000.
SUMMARY OF PROVISIONS:
Section 1 amends section 606(c) of the tax law to provide for a fifty
percent increase in the Child and Dependent Care Credit. The credit
has not been increased since 1999.
Section 2 provides that the bill take effect immediately and shall
apply to taxable years beginning on or after January 1, 2014.
JUSTIFICATION: Today's economy requires both parents to work to make
ends meet. In addition, many single parents also work to support their
families. Critical to these working people is affordable child care.
The State does offers a Child and Dependent Care Credit to aid in
recovering the costs of child care for working families. However, the
value of the credit has not been increased since 1999. During this
time period, many more parents are entering the workforce and the cost
2013-S5451B (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
5451--B
2013-2014 Regular Sessions
I N S E N A T E
May 16, 2013
___________
Introduced by Sens. CARLUCCI, KLEIN, SAVINO, VALESKY -- read twice and
ordered printed, and when printed to be committed to the Committee on
Investigations and Government Operations -- committee discharged, bill
amended, ordered reprinted as amended and recommitted to said commit-
tee -- recommitted to the Committee on Investigations and Government
Operations in accordance with Senate Rule 6, sec. 8 -- committee
discharged, bill amended, ordered reprinted as amended and recommitted
to said committee
AN ACT to amend the tax law, in relation to the personal income tax
credit for certain household and dependent care services necessary for
gainful employment
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Paragraph 1 of subsection (c) of section 606 of the tax
law, as amended by section 1 of part M of chapter 63 of the laws of
2000, is amended to read as follows:
(1) A taxpayer shall be allowed a credit as provided herein equal to
the applicable percentage of the credit allowable under section twenty-
one of the internal revenue code for the same taxable year (without
regard to whether the taxpayer in fact claimed the credit under such
section twenty-one for such taxable year). The applicable percentage
shall be the sum of (i) twenty percent and (ii) a multiplier multiplied
by a fraction. For taxable years beginning in nineteen hundred ninety-
six and nineteen hundred ninety-seven, the numerator of such fraction
shall be the lesser of (i) four thousand dollars or (ii) fourteen thou-
sand dollars less the New York adjusted gross income for the taxable
year, provided, however, the numerator shall not be less than zero. For
the taxable year beginning in nineteen hundred ninety-eight, the numera-
tor of such fraction shall be the lesser of (i) thirteen thousand
dollars or (ii) thirty thousand dollars less the New York adjusted gross
income for the taxable year, provided, however, the numerator shall not
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD10853-05-4
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.