New York bill S03471 establishes tax credits for employers providing or sponsoring child care.

New York bill S03471 amends the tax law to establish business franchise, personal income, and insurance franchise tax credits for employers who provide or sponsor child care. The bill defines "employer provided" as child care offered on the premises of an employer and "employer sponsored" as a contractual arrangement with a child care facility paid for by an employer. The tax credit is equal to ten percent of the cost of operation incurred by the employer, up to ten thousand dollars.

New York bill S03471 establishes tax credits for employers providing or sponsoring child care.

New York bill S03471 amends the tax law to establish business franchise, personal income, and insurance franchise tax credits for employers who provide or sponsor child care. The bill defines "employer provided" as child care offered on the premises of an employer and "employer sponsored" as a contractual arrangement with a child care facility paid for by an employer. The tax credit is equal to ten percent of the cost of operation incurred by the employer, up to ten thousand dollars.