Bill > A04886

This bill provides a tax credit of two thousand dollars for taxpayers who experience the birth of a stillborn child, designed to offer financial support during a difficult time. The credit is refundable and applies to a stillborn child who would have been claimed as a dependent under Internal Revenue Code section 152. To qualify, the taxpayer must have received a certificate of still birth issued under section 4161-a of the public health law, and the credit can be claimed in the taxable year when the certificate is issued. The bill defines "birth of a stillborn child" specifically as a birth for which a still birth certificate has been officially issued. The provisions will take effect on January 1, 2025, and apply to taxable years starting on or after that date, providing a compassionate form of financial assistance to parents who have experienced the profound loss of a stillborn child.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A4886