STATE OF NEW YORK
________________________________________________________________________
6774
2025-2026 Regular Sessions
IN ASSEMBLY
March 14, 2025
___________
Introduced by M. of A. ROMERO -- read once and referred to the Committee
on Ways and Means
AN ACT to amend the tax law, in relation to the child and dependent care
credit
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Paragraph 1 of subsection (c) of section 606 of the tax
2 law, as amended by section 1 of part M of chapter 63 of the laws of
3 2000, is amended to read as follows:
4 (1) A taxpayer shall be allowed a credit as provided herein equal to
5 the applicable percentage of the credit allowable under section twenty-
6 one of the internal revenue code for the same taxable year (without
7 regard to whether the taxpayer in fact claimed the credit under such
8 section twenty-one for such taxable year). The applicable percentage
9 shall be the sum of (i) twenty percent and (ii) a multiplier multiplied
10 by a fraction. For taxable years beginning in nineteen hundred ninety-
11 six and nineteen hundred ninety-seven, the numerator of such fraction
12 shall be the lesser of (i) four thousand dollars or (ii) fourteen thou-
13 sand dollars less the New York adjusted gross income for the taxable
14 year, provided, however, the numerator shall not be less than zero. For
15 the taxable year beginning in nineteen hundred ninety-eight, the numera-
16 tor of such fraction shall be the lesser of (i) thirteen thousand
17 dollars or (ii) thirty thousand dollars less the New York adjusted gross
18 income for the taxable year, provided, however, the numerator shall not
19 be less than zero. For taxable years beginning in nineteen hundred nine-
20 ty-nine, the numerator of such fraction shall be the lesser of (i)
21 fifteen thousand dollars or (ii) fifty thousand dollars less the New
22 York adjusted gross income for the taxable year, provided, however, the
23 numerator shall not be less than zero. For taxable years beginning after
24 nineteen hundred ninety-nine, the numerator of such fraction shall be
25 the lesser of (i) fifteen thousand dollars or (ii) sixty-five thousand
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD08484-01-5
A. 6774 2
1 dollars less the New York adjusted gross income for the taxable year,
2 provided, however, the numerator shall not be less than zero. The denom-
3 inator of such fraction shall be four thousand dollars for taxable years
4 beginning in nineteen hundred ninety-six and nineteen hundred ninety-
5 seven, thirteen thousand dollars for the taxable year beginning in nine-
6 teen hundred ninety-eight, and fifteen thousand dollars for taxable
7 years beginning after nineteen hundred ninety-eight. The multiplier
8 shall be ten percent for taxable years beginning in nineteen hundred
9 ninety-six, forty percent for taxable years beginning in nineteen
10 hundred ninety-seven, and eighty percent for taxable years beginning
11 after nineteen hundred ninety-seven. Provided, however, for taxable
12 years beginning after nineteen hundred ninety-nine, for a person whose
13 New York adjusted gross income is less than forty thousand dollars, such
14 applicable percentage shall be equal to (i) one hundred percent, plus
15 (ii) ten percent multiplied by a fraction whose numerator shall be the
16 lesser of (i) fifteen thousand dollars or (ii) forty thousand dollars
17 less the New York adjusted gross income for the taxable year, provided
18 such numerator shall not be less than zero, and whose denominator shall
19 be fifteen thousand dollars. Provided, however, for taxable years
20 beginning on or after January first, two thousand twenty-five, the
21 applicable percentage shall be one hundred ten percent for all New York
22 adjusted gross incomes up to fifty thousand dollars. Provided, further,
23 that if the reversion event, as defined in this paragraph, occurs, the
24 applicable percentage shall, for taxable years ending on or after the
25 date on which the reversion event occurred, be determined using the
26 rules specified in this paragraph applicable to taxable years beginning
27 in nineteen hundred ninety-nine. The reversion event shall be deemed to
28 have occurred on the date on which federal action, including but not
29 limited to, administrative, statutory or regulatory changes, materially
30 reduces or eliminates New York state's allocation of the federal tempo-
31 rary assistance for needy families block grant, or materially reduces
32 the ability of the state to spend federal temporary assistance for needy
33 families block grant funds for the credit for certain household and
34 dependent care services necessary for gainful employment or to apply
35 state general fund spending on the credit for certain household and
36 dependent care services necessary for gainful employment toward the
37 temporary assistance for needy families block grant maintenance of
38 effort requirement, and the commissioner of the office of temporary and
39 disability assistance shall certify the date of such event to the
40 commissioner, the director of the division of the budget, the speaker of
41 the assembly and the temporary president of the senate.
42 § 2. This act shall take effect immediately and shall apply to taxable
43 years beginning on or after January 1, 2025.
