Bill > S00967

This bill increases the aggregate amount of tax credits available for businesses that provide child care services from $25 million to $50 million annually during the years 2023 and 2024. Specifically, the bill amends Section 394-e of the social services law to double the total tax credit funds that can be allocated to eligible businesses. These tax credits are designed to support and incentivize businesses that offer child care services, with the New York state office responsible for distributing the credits on a proportional (pro rata) basis to businesses that meet certain eligibility requirements. By increasing the available funds, the bill aims to provide more financial support to businesses that help address child care needs, potentially making child care more accessible and affordable for working families.

Education

https://www.nysenate.gov/legislation/bills/2025/S967