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S 5959

New York Senate bill in Session 2025-2026.

Status: in_committee. Latest action: January 7, 2026.

Creates deductions for creation or improvements of child care facilities.

Bill ID NY-2025-2026-S-5959
Session 2025-2026
Status in_committee
Committee Budget And Revenue
Senate in_committee 2026-01-07
Summary

Creates deduction from franchise tax and personal income tax for costs of acquiring or improving child care facility operated for profit; creates deduction from corporation tax, franchise tax, personal income tax and tax on banks for costs of acquiring or improving a child care facility operated primarily for children of taxpayer's employees.

Sponsor
Kevin S. Parker
Official Source Back to Bills
Actions Timeline
Date Event Detail
2025-03-04 Introduced Bill introduced
2026-01-07 Status in_committee
2026-01-07 Latest Action In Senate Committee
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