A04909 Summary:
| BILL NO | A04909 |
| SAME AS | No Same As |
| SPONSOR | Goodell |
| COSPNSR | Friend |
| MLTSPNSR | Morinello |
| 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. | |
A04909 Text:
Go to topSTATE OF NEW YORK ________________________________________________________________________ 4909 2021-2022 Regular Sessions IN ASSEMBLY February 8, 2021 ___________ 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, 2022. 11 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD09018-01-1