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NY A06604
Bill
Status
3/27/2015
Primary Sponsor
Andrew Goodell
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AI Summary
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Commissioner of Taxation and Finance, in coordination with the Department of Health and Office of Temporary and Disability Assistance, is directed to conduct a study on the New York State Earned Income Tax Credit.
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Study must examine changes to the tax credit that would offset any loss of public benefits resulting from increased employment.
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Goal is to ensure recipients' net income increases whenever they receive an increase in earned income.
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Study results must be submitted to the legislature on or before April 15, 2016.
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Act takes effect immediately upon enactment.
Legislative Description
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.
Last Action
held for consideration in ways and means
6/15/2016