A02513 Summary:

BILL NO    A02513 

SAME AS    No same as 

SPONSOR    Clark (MS)

COSPNSR    Jacobs

MLTSPNSR   Brennan, Galef

Amd SS210, 1456 & 1511, Tax L

Authorizes franchise tax credit for providers of child care services in certain
instances; gives employers 30% tax credit on investments to offer child care
services or to purchase child care resource referral services; provides that
the amount of credit shall be the lesser of $500 or the amounts of credits
imposed by S601 of the tax law for the taxable year, reduced by the credits
permitted under S620 (credit for income tax of another state) and S621 (credit
to trust beneficiary receiving accumulation distribution), multiplied by a
fraction (numerator is net income derived from business attributable to the
provision of home day care services and the denominator is NYS adjusted gross
income).
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