Establishes the New York State Small Business Child and Dependent Care Savings Program.

The bill establishes the New York State Small Business Child and Dependent Care Savings Program, a payroll deduction savings program for employees of small businesses. The program allows employees to contribute a portion of their wages to a savings account for child and dependent care expenses. The program is administered by the state comptroller and the commissioner of labor. Participating employers are not liable for employee decisions to participate or opt out of the program. The state has no liability for the payment of child and dependent care savings benefits.

Establishes the New York State Small Business Child and Dependent Care Savings Program.

The bill establishes the New York State Small Business Child and Dependent Care Savings Program, a payroll deduction savings program for employees of small businesses. The program allows employees to contribute a portion of their wages to a savings account for child and dependent care expenses. The program is administered by the state comptroller and the commissioner of labor. Participating employers are not liable for employee decisions to participate or opt out of the program. The state has no liability for the payment of child and dependent care savings benefits.