Senate Bill S7357

2015-2016 Legislative Session

Relates to the earned income tax credit for taxpayers with no qualifying children

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Investigations And Government Operations 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

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2015-S7357 (ACTIVE) - Details

Current Committee:
Senate Investigations And Government Operations
Law Section:
Tax Law
Laws Affected:
Amd §606, Tax L
Versions Introduced in Other Legislative Sessions:
2017-2018: S3603
2019-2020: S1465

2015-S7357 (ACTIVE) - Summary

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.

2015-S7357 (ACTIVE) - Sponsor Memo

2015-S7357 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  7357

                            I N  S E N A T E

                             April 20, 2016
                               ___________

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:

  Section  1.  Subparagraph  (i)  of  paragraph  1  of subsection (d) of
section 606 of the tax law, as amended by section 1 of part Q of chapter
63 of the laws of 2000, is amended to read as follows:
  (i) the applicable percentage of  the  earned  income  credit  allowed
under section thirty-two of the internal revenue code for the same taxa-
ble  year,  EXCEPT  ANY TAXPAYER WITH NO QUALIFYING CHILD, AS DEFINED IN
SUBPARAGRAPH (A) OF PARAGRAPH THREE OF SUBSECTION (C) OF  SECTION  THIR-
TY-TWO  OF THE INTERNAL REVENUE CODE, SHALL BE ALLOWED A CREDIT EQUAL TO
SEVENTY-FIVE PERCENT OF THE CREDIT ALLOWED TO TAXPAYERS WITH ONE  QUALI-
FYING CHILD,
  S 2. This act shall take effect immediately.






 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD14445-01-6

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