Bill > A02393

This bill amends the social services law to increase the aggregate amount of tax credits available for businesses that provide child care services from $25 million to $50 million per year for 2023 and 2024. Specifically, the bill modifies an existing tax credit program that supports businesses offering child care services by doubling the total amount of tax credits that can be allocated. The tax credits will continue to be distributed on a pro rata basis to eligible business entities, meaning each qualifying business will receive a proportional share of the total available credits based on their individual eligibility. This expansion aims to provide more financial support to businesses that invest in child care services, potentially helping to address child care accessibility and affordability for working families in New York State.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A2393