Bill Text: NY S01465 | 2019-2020 | General Assembly | Introduced

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Bill Title: Relates to the earned income tax credit for taxpayers with no qualifying children; such taxpayers shall receive 75% of the credit allowed for those with a qualifying child.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2020-01-08 - REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS [S01465 Detail]

Download: New_York-2019-S01465-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          1465
                               2019-2020 Regular Sessions
                    IN SENATE
                                    January 15, 2019
                                       ___________
        Introduced  by  Sen. SANDERS -- read twice and ordered printed, and when
          printed to be committed to the Committee on Investigations and Govern-
          ment Operations
        AN ACT to amend the tax law, in relation to the earned income tax credit
          for taxpayers with no qualifying children
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1.  Subparagraph  (i)  of  paragraph  1  of subsection (d) of
     2  section 606 of the tax law, as amended by section 1 of part Q of chapter
     3  63 of the laws of 2000, is amended to read as follows:
     4    (i) the applicable percentage of  the  earned  income  credit  allowed
     5  under section thirty-two of the internal revenue code for the same taxa-
     6  ble  year,  except  any taxpayer with no qualifying child, as defined in
     7  subparagraph (A) of paragraph three of subsection (c) of  section  thir-
     8  ty-two  of the internal revenue code, shall be allowed a credit equal to
     9  seventy-five percent of the credit allowed to taxpayers with one  quali-
    10  fying child,
    11    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD05366-01-9