STATE OF NEW YORK
________________________________________________________________________
2393
2025-2026 Regular Sessions
IN ASSEMBLY
January 16, 2025
___________
Introduced by M. of A. RA, JENSEN, GANDOLFO, MAHER, SLATER, BENDETT,
BLANKENBUSH, MANKTELOW, SMULLEN, ANGELINO, MILLER, CHANG, LEMONDES,
McDONOUGH, BRABENEC, TANNOUSIS, MORINELLO, DeSTEFANO, TAGUE, SIMPSON,
PALMESANO, DiPIETRO, WALSH, PIROZZOLO, SMITH -- read once and referred
to the Committee on Ways and Means
AN ACT to amend the social services law, in relation to increasing the
aggregate amount of tax credits available for business entities who
provide child care services
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 394-e of the social services law, as added by
2 section 1 of part G of chapter 59 of the laws of 2023, is amended to
3 read as follows:
4 § 394-e. Allocation of credit. The aggregate amount of tax credits
5 allowed under this title, subdivision fifty-nine of section two hundred
6 ten-B, subsection (ooo) of section six hundred six and subdivision (ee)
7 of section fifteen hundred eleven of the tax law shall be [twenty-five]
8 fifty million dollars each year during the period two thousand twenty-
9 three and two thousand twenty-four. Such aggregate amount of credits
10 shall be allocated by the office on a pro rata basis to each business
11 entity that demonstrates eligibility pursuant to section three hundred
12 ninety-four-b of this title.
13 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD02873-01-5
