A04106 Summary:
| BILL NO | A04106 |
| SAME AS | No Same As |
| SPONSOR | Cunningham |
| COSPNSR | |
| MLTSPNSR | |
| Amd §612, Tax L | |
| Disregards any amount included in an individual taxpayer's federal adjusted gross income as a result of the federal child tax credit for purposes of calculating an individual taxpayer's federal income tax deduction. | |
A04106 Text:
Go to topSTATE OF NEW YORK ________________________________________________________________________ 4106 2025-2026 Regular Sessions IN ASSEMBLY January 31, 2025 ___________ Introduced by M. of A. CUNNINGHAM -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to disregarding the federal child tax credit for purposes of calculating an individual's federal income tax deduction The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subsection (c) of section 612 of the tax law is amended by 2 adding a new paragraph 48 to read as follows: 3 (48) For taxable years beginning after December thirty-first, two 4 thousand twenty-five, any amount which is included in the taxpayer's 5 federal adjusted gross income solely as a result of the child tax credit 6 allowed the taxpayer under section twenty-four of the internal revenue 7 code. 8 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD06564-01-5