Bill > A06112

This bill provides for the advance payment of the earned income credit (EIC) by employers, the commissioner of the Department of Tax and Finance, and the commissioner of New York City's Department of Finance. It establishes an "earned income eligibility certificate" that employees can provide to certify their eligibility for the EIC, and outlines the process for making the advance payments, including the timing and amount of the payments. The bill also requires the commissioners to notify eligible taxpayers and provide information to tax preparers and organizations about the availability of the advance payments. Additionally, it includes provisions to reconcile any excess advance payments with the actual EIC amount.