Relates to the establishment of the small business child & dependent care savings program

This bill establishes a New York State program allowing small businesses (with 1-100 employees) to offer employees a payroll-deducted savings option for child and dependent care expenses. Employees can contribute pre-tax income through their employer’s payroll system, with contributions limited to IRS Section 125/129 guidelines. Businesses must set up a payroll arrangement for employees to enroll, choose contribution amounts (as a percentage or fixed dollar amount), and allow annual enrollment changes. The program is administered by the state comptroller and labor commissioner, aiming to provide a low-cost, portable savings tool for small business employees.