Bill Text: NY A05458 | 2019-2020 | General Assembly | Introduced


Bill Title: Relates to requiring the commissioner of taxation and finance in conjunction with the health department and the office of temporary and disability assistance to conduct a study on the earned income tax credit and to propose changes thereto.

Spectrum: Partisan Bill (Republican 3-0)

Status: (Introduced) 2019-02-12 - referred to ways and means [A05458 Detail]

Download: New_York-2019-A05458-Introduced.html


                STATE OF NEW YORK
        ________________________________________________________________________
                                          5458
                               2019-2020 Regular Sessions
                   IN ASSEMBLY
                                    February 12, 2019
                                       ___________
        Introduced by M. of A. GOODELL, FRIEND -- Multi-Sponsored by -- M. of A.
          MORINELLO -- read once and referred to the Committee on Ways and Means
        AN ACT requiring the commissioner of taxation and finance in conjunction
          with the department of health and the office of temporary and disabil-
          ity  assistance to conduct a study on the earned income tax credit and
          to describe changes thereto
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1.  Earned  income  tax  credit study. 1. The commissioner of
     2  taxation and finance in conjunction with the department  of  health  and
     3  the  office  of  temporary  and  disability assistance is authorized and
     4  directed to conduct a study on the New  York  state  earned  income  tax
     5  credit  and  to  describe changes to the tax credit that would allow for
     6  the adjustment of the credit to  offset  any  loss  of  public  benefits
     7  resulting from increased employment, thereby ensuring that a recipient's
     8  net income increases whenever they receive an increase in earned income.
     9    2. Such study shall be submitted to the legislature on or before April
    10  15, 2020.
    11    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD09018-01-9
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