Bill > S09957

This bill would amend the tax law to provide a new tax credit for certain taxpayers who experience the birth of a stillborn child. Specifically, a taxpayer would be eligible for a refundable credit of $2,000 against their state income tax if the stillborn child would have qualified as their dependent under section 152 of the Internal Revenue Code. This credit would be allowed for the tax year in which a certificate of stillbirth is issued, as defined by section 4160-a of the public health law, and the bill would take effect immediately, applying to tax years beginning on or after January 1, 2026.