New York A00833 creates tax deductions for costs of acquiring or improving child care facilities.

New York A00833 amends the tax law to create deductions for costs of acquiring or improving child care facilities. It allows a deduction from franchise tax and personal income tax for expenditures on child care facilities operated for profit. Additionally, it allows a deduction from corporation tax, franchise tax, personal income tax, and tax on banks for expenditures on child care facilities operated primarily for children of the taxpayer's employees. The deductions are to be deducted over a period of twenty-four or sixty months, depending on the type of facility and expenditure.

New York A00833 creates tax deductions for costs of acquiring or improving child care facilities.

New York A00833 amends the tax law to create deductions for costs of acquiring or improving child care facilities. It allows a deduction from franchise tax and personal income tax for expenditures on child care facilities operated for profit. Additionally, it allows a deduction from corporation tax, franchise tax, personal income tax, and tax on banks for expenditures on child care facilities operated primarily for children of the taxpayer's employees. The deductions are to be deducted over a period of twenty-four or sixty months, depending on the type of facility and expenditure.