New York § 394-D Child care creation and expansion tax credit

New York Statutes

§ 394-D — Child care creation and expansion tax credit

New York § 394-D

Law SOSSocial Services

Title 1-AChild Care Creation and Expansion Tax Credit Program

Art. 6Children

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Bluebook

N.Y. Social Services § 394-D (2026).

Text

§ 394-d. Child care creation and expansion tax credit. 1. A business\nentity in the child care creation and expansion tax credit program that\nmeets the eligibility requirements of section three hundred\nninety-four-b of this title may be eligible to claim a credit for the\nportion of the service year in which the child care program was in\noperation, equal to the sum of:

(a)the product of the number of infant\nchild care seats that have been created or expanded and twenty percent\nof the child care rate for such infant child care seats and (b) the\nproduct of the number of toddler child care seats that have been created\nor expanded and twenty percent of the child care rate for such toddler\nchild care seats; provided that such infant and toddler child care seats\nare child care seats

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§ 394-d. Child care creation and expansion tax credit. 1. A business\nentity in the child care creation and expansion tax credit program that\nmeets the eligibility requirements of section three hundred\nninety-four-b of this title may be eligible to claim a credit for the\nportion of the service year in which the child care program was in\noperation, equal to the sum of: (a) the product of the number of infant\nchild care seats that have been created or expanded and twenty percent\nof the child care rate for such infant child care seats and (b) the\nproduct of the number of toddler child care seats that have been created\nor expanded and twenty percent of the child care rate for such toddler\nchild care seats; provided that such infant and toddler child care seats\nare child care seats that are occupied. Notwithstanding the preceding\nsentence, a credit shall not be allowed for more than twenty-five child\ncare seats that are occupied, and the amount of such credit may be\nreduced as a result of an allocation of available funds, as described in\nsection three hundred ninety-four-e of this title.\n 2. The credit shall be allowed as provided in section forty-eight,\nsubdivision fifty-nine of section two hundred ten-B, subsection (ooo) of\nsection six hundred six and subdivision (ee) of section fifteen hundred\neleven of the tax law.\n