§ 394-d. Child care creation and expansion tax credit. 1. A business
entity in the child care creation and expansion tax credit program that
meets the eligibility requirements of section three hundred
ninety-four-b of this title may be eligible to claim a credit for the
portion of the service year in which the child care program was in
operation, equal to the sum of: (a) the product of the number of infant
child care seats that have been created or expanded and twenty percent
of the child care rate for such infant child care seats and (b) the
product of the number of toddler child care seats that have been created
or expanded and twenty percent of the child care rate for such toddler
child care seats; provided that such infant and toddler child care seats
are child care seats that are occupied. Notwithstanding the preceding
sentence, a credit shall not be allowed for more than twenty-five child
care seats that are occupied, and the amount of such credit may be
reduced as a result of an allocation of available funds, as described in
section three hundred ninety-four-e of this title.

2. The credit shall be allowed as provided in section forty-eight,
subdivision fifty-nine of section two hundred ten-B, subsection (ooo) of
section six hundred six and subdivision (ee) of section fifteen hundred
eleven of the tax law.