Bill > A06000

This bill provides for the advance payment of the Earned Income Tax Credit (EITC) to qualifying employees, making several significant changes to New York state tax law. The bill increases the credit percentage for taxable years beginning in 2027 and 2028, expanding eligibility by lowering the age requirement from 25 to 19 years old and removing barriers for individuals over 65. It establishes a new system of advance payments, where qualifying employees can receive four payments throughout the year: three payments of 20% of the anticipated credit during the tax year, and a final fourth payment after the year ends that adjusts to match the actual credit due. Employees must submit an earned income eligibility certificate, which certifies their expected credit eligibility and ensures they are not claiming the advance payment from multiple employers. The commissioner of taxation will notify eligible taxpayers about the advance payment program and provide information in the six most common languages spoken in the state. The bill also includes provisions to adjust taxes if an individual receives advance payments but ultimately does not qualify, with some protections for those who have claimed the credit in good faith in previous years. The changes are set to take effect for taxable years beginning on or after January 1, 2027, with the goal of providing more immediate financial support to low and moderate-income workers.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A6000