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Who cares
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Sponsors
No co-sponsors yet.
History
- Referred to investigations and government operations
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the tax law, in relation to the earned income tax credit for taxpayers with no qualifying children
Purpose
To provide earned income tax credit relief to taxpayers with no qualifying children.
Summary of provisions
Section 1 amends subparagraph (i) of paragraph 1 of subsection (d) of section 606 of the tax law, as amended by section 1 of part Q of chapter 63 of the laws of 2000, providing any taxpayer with no qualifying child, as defined by the Internal Revenue Code, shall be allowed the earned income tax credit equal to 75% of the credit allowed to taxpayers with one qualifying child.
Section 2 provides this act shall take effect immediately.
Existing law
The earned income tax credit is 30% of the allowable federal earned income credit, reduced by the amount of any household credit.
Justification
This will provide much needed tax relief to New York workers who do not have qualifying children.
Legislative history
New bill
Fiscal implications
Undetermined
Local fiscal implications
None
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.