Bill > S06966

This bill introduces a new tax credit for parents or guardians caring for a qualifying disabled child, providing financial support for expenses related to the child's care. The credit allows taxpayers to claim 20% of qualified care expenses up to $2,400 for the taxable year, with an additional $75 credit for expenses over $240. A "qualifying disabled child" is defined as a disabled child within the third degree of consanguinity who resides with the taxpayer and has autism, developmental disabilities, or is physically disabled. Qualified care expenses include payments for services necessary to maintain the child in the taxpayer's residence, such as home health agency services, day care, personal care attendant services, respite care, health care equipment, home modifications, and assistive devices. The expenses must not be compensated by insurance or other federal or state programs. In households with multiple taxpayers, the credit will be equally divided unless a different agreement is filed. The credit is non-transferable and cannot be claimed for care provided in a fully tax-exempt residence or for non-state residents. Taxpayers may be required to provide receipts or proof of expenses to claim the credit, and the provision will take effect on the first day of January following the bill's enactment.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/S6966