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.
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
