Bill > A08066

This bill aims to provide for the advance payment of the earned income credit (EIC) by the New York State Commissioner of Taxation and Finance and the New York City Commissioner of Finance. It establishes a process where eligible employees can obtain an "Earned Income Eligibility Certificate" to receive four advance payments of the EIC during the tax year, with the final payment adjusted to match the actual credit amount. The bill also requires the Commissioners to notify taxpayers and provide information to tax preparers and organizations about the availability of these advance payments.