Senate Bill S9885

2023-2024 Legislative Session

Relates to payment of a supplemental empire state child tax credit

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Rules Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions

co-Sponsors

2023-S9885 (ACTIVE) - Details

Current Committee:
Senate Rules
Law Section:
Tax Law
Laws Affected:
Amd §606, Tax L

2023-S9885 (ACTIVE) - Summary

Relates to payment of a supplemental empire state child tax credit for the tax year 2024 and thereafter equal to $1000 per qualified newborn.

2023-S9885 (ACTIVE) - Sponsor Memo

2023-S9885 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   9885
 
                             I N  S E N A T E
 
                              August 2, 2024
                                ___________
 
 Introduced  by  Sen.  ASHBY  -- read twice and ordered printed, and when
   printed to be committed to the Committee on Rules
 
 AN ACT to amend the tax law, in relation to payment  of  a  supplemental
   empire state child tax credit
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Subsection (c-1) of section 606 of the tax law  is  amended
 by adding a new paragraph 6 to read as follows:
   (6)  (A)  FOR  TAX  YEAR  TWO THOUSAND TWENTY-FOUR AND THEREAFTER, THE
 COMMISSIONER SHALL ISSUE A PAYMENT OF A SUPPLEMENTAL EMPIRE STATE  CHILD
 CREDIT  IN  THE AMOUNT OF ONE THOUSAND DOLLARS FOR TAXPAYERS WHO QUALIFY
 FOR THE CREDIT ALLOWABLE UNDER SECTION TWENTY-ONE OF THE FEDERAL  INTER-
 NAL  REVENUE  CODE  FOR  EACH QUALIFIED NEWBORN OF THE TAXPAYER.  IF THE
 AMOUNT OF THE CREDIT ALLOWABLE UNDER THIS  SUBSECTION  FOR  ANY  TAXABLE
 YEAR  SHALL EXCEED THE TAXPAYER'S TAX FOR SUCH YEAR, THE EXCESS SHALL BE
 TREATED AS AN OVERPAYMENT OF TAX TO BE CREDITED OR REFUNDED  IN  ACCORD-
 ANCE WITH THE PROVISIONS OF SECTION SIX HUNDRED EIGHTY-SIX OF THIS ARTI-
 CLE, PROVIDED, HOWEVER, THAT NO INTEREST SHALL BE PAID THEREON.
   (B)  FOR THE PURPOSES OF THIS PARAGRAPH, THE TERM "NEWBORN" SHALL MEAN
 A CHILD BORN IN THE CURRENT OR PREVIOUS TAX YEAR WHO HAS NOT BEEN PREVI-
 OUSLY CLAIMED AS A DEPENDENT.
   (C) THE SUPPLEMENTAL PAYMENT  PURSUANT  TO  THIS  PARAGRAPH  SHALL  BE
 ALLOWED  TO  TAXPAYERS  WHO TIMELY FILED RETURNS PURSUANT TO SECTION SIX
 HUNDRED FIFTY-ONE OF THIS ARTICLE, AS  DETERMINED  WITH  REGARD  TO  ANY
 EXTENSIONS PURSUANT TO SECTION SIX HUNDRED FIFTY-SEVEN OF THIS ARTICLE.
   § 2. This act shall take effect April 1, 2025.
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD15973-02-4

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.