Tax Credit for Expanding or Creating Employee Child Care Programs

Effective date: August 20, 2023

Proposed Rule Full Text
DOF-Proposed-Business-Tax-Credit-for-Creating-or-Expanding-Child-Care-for-submission.pdf

Adopted Rule Full Text
DOF-Final-Rules-for-Business-Tax-Credit-for-Creating-or-Expanding-Child-Care-7.17.23-FINAL-Legal-13706613_453114-KB.pdf

Adopted rule summary:

The New York City Department of Finance promulgates this new chapter 59 of title 19 of the Rules of theCity of New York, regarding the business tax credit for creating or expanding a program that provides child care services for their employees with respect to infants (0 to 1.5 years of age) and toddlers (1.5 to 3 years of age) in a permitted child care program.