Bill

Bill > A09242


NY A09242

NY A09242
Establishes a supplemental household and dependent care credit payment for taxpayers who are eligible for certain household and dependent care services necessary for gainful employment.


summary

Introduced
02/22/2024
In Committee
02/22/2024
Crossed Over
Passed
Dead
12/31/2024

Introduced Session

2023-2024 General Assembly

Bill Summary

AN ACT to amend the tax law, in relation to establishing a supplemental household and dependent care credit payment

AI Summary

This bill establishes a supplemental household and dependent care credit payment for taxpayers who are eligible for a credit under the existing law. The supplemental payment will be equal to 15% of the taxpayer's actual credit amount and will be treated as an overpayment of tax to be credited or refunded, though without any interest paid. The bill applies to tax years beginning on or after January 1, 2024.

Committee Categories

Budget and Finance

Sponsors (29)

Last Action

referred to ways and means (on 02/22/2024)

bill text


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