Senate BillIntroduced
S 5261: Increases the child and dependent care tax credit to reflect increases in the cost of child and dependent care.
What S 5261 does, verified June 5, 2026
The bill aims to increase the child and dependent care tax credit in New York State. The credit will be equal to the applicable percentage of the credit allowable under the federal tax code for the same taxable year, without regard to whether the taxpayer claimed the credit under the federal law. The credit amount will be capped at a specific dollar limit based on the number of qualifying individuals, which will change annually starting in 2026. The bill will take effect immediately.
Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: REFERRED TO BUDGET AND REVENUE (2026-01-07)Alert me
Quick answers about S 5261
- What is the current status of S 5261?
- As of June 5, 2026, S 5261 is recorded as "Introduced": it has been introduced and is waiting for its first committee hearing or floor vote. The last recorded action, on January 7, 2026, was "REFERRED TO BUDGET AND REVENUE".
- Did S 5261 pass?
- Not yet. S 5261 has been introduced and has not passed either house.
- Who wrote S 5261, and where is it now?
- S 5261 was authored by Sen. Jacob Ashby with 3 coauthors. Its committee of record is Senate Budget & Revenue.
Author and sponsors
Full contact details, staff, and committees with Connect, $16/moUnlockRecent actions2 total · showing 2
| Jan. 07, 2026 | REFERRED TO BUDGET AND REVENUE |
| Feb. 20, 2025 | REFERRED TO BUDGET AND REVENUE |
Latest bill textIntroduced version, February 20, 2025 · 377 words
STATE OF NEW YORK ________________________________________________________________________ 5261 2025-2026 Regular Sessions IN SENATE February 20, 2025 ___________ Introduced by Sen. ASHBY -- read twice and ordered printed, and when printed to be committed to the Committee on Budget and Revenue AN ACT to amend the tax law, in relation to increasing the child and dependent care tax credit The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Paragraph 1-b of subsection (c) of section 606 of the tax 2 law, as added by section 2 of part T of chapter 59 of the laws of 2017, 3 is amended to read as follows: 4 (1-b) Notwithstanding anything in this subsection to the contrary, a 5 taxpayer shall be allowed a credit as provided in this subsection equal 6 to the applicable percentage of the credit allowable under section twen- 7 ty-one of the internal revenue code for the same taxable year (without 8 regard to whether the taxpayer in fact claimed the credit under such 9 section twenty-one for such taxable year) that would have been allowed 10 absent the application of section 21(c) of such code [for taxpayers with11more than two qualifying individuals], provided however, that the credit 12 shall be calculated as if the dollar limit on amount creditable shall 13 not exceed: 14 (i) seven thousand five hundred dollars if there are three qualifying 15 individuals, eight thousand five hundred dollars if there are four qual- 16 ifying individuals, and nine thousand dollars if there are five or more 17 qualifying individuals for taxable years beginning in two thousand twen- 18 ty-five; and 19 (ii) six thousand dollars if there is one qualifying individual, 20 twelve thousand dollars if there are two qualifying individuals, fifteen 21 thousand dollars if there are three qualifying individuals, seventeen 22 thousand dollars if there are four qualifying individuals, and eighteen 23 thousand dollars if there are five or more qualifying individuals for 24 taxable years beginning in two thousand twenty-six. 25 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD04247-01-5
Text of S 5261 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions