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Bill > S05866
NY S05866
NY S05866Adjusts the calculation of the empire state child credit to provide for a one thousand dollar credit per qualifying child who is less than four years of age and a five hundred dollar credit per qualifying child who is four years of age or older for certain qualifying taxpayers.
summary
Introduced
03/19/2021
03/19/2021
In Committee
01/05/2022
01/05/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
2021-2022 General Assembly
Bill Summary
Adjusts the calculation of the empire state child credit to provide for a one thousand dollar credit per qualifying child who is less than four years of age and a five hundred dollar credit per qualifying child who is four years of age or older for certain qualifying taxpayers.
AI Summary
This bill adjusts the calculation of the Empire State child credit to provide a $1,000 credit per qualifying child under 4 years old and a $500 credit per qualifying child 4 years old or older for certain taxpayers with New York state adjusted gross incomes below specified thresholds. The bill also references the Internal Revenue Code's definition of a "qualifying child" and applies the changes to tax years after the expiration of the child tax credit under the American Rescue Plan Act of 2021.
Committee Categories
Budget and Finance
Sponsors (11)
Jeremy Cooney (D)*,
Joe Addabbo (D),
Brian Benjamin (D),
Neil Breslin (D),
Samra Brouk (D),
Brad Hoylman (D),
Michael Martucci (R),
Jessica Ramos (D),
Elijah Reichlin-Melnick (D),
Gustavo Rivera (D),
James Sanders (D),
Last Action
REFERRED TO BUDGET AND REVENUE (on 01/05/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2021/S5866 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S05866&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S05866 |
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