Bill Text: NY A01879 | 2023-2024 | General Assembly | Introduced

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Bill Title: 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.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced) 2024-01-03 - referred to ways and means [A01879 Detail]

Download: New_York-2023-A01879-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          1879

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                    January 23, 2023
                                       ___________

        Introduced  by M. of A. GOODELL -- read once and referred to the Commit-
          tee on Ways and Means

        AN ACT requiring the commissioner of taxation and finance in conjunction
          with the department of health and the office of temporary and disabil-
          ity assistance to conduct a study on the earned income tax credit  and
          to describe changes thereto

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Earned income tax credit  study.  1.  The  commissioner  of
     2  taxation  and  finance  in conjunction with the department of health and
     3  the office of temporary and  disability  assistance  is  authorized  and
     4  directed  to  conduct  a  study  on the New York state earned income tax
     5  credit and to describe changes to the tax credit that  would  allow  for
     6  the  adjustment  of  the  credit  to  offset any loss of public benefits
     7  resulting from increased employment, thereby ensuring that a recipient's
     8  net income increases whenever they receive an increase in earned income.
     9    2. Such study shall be submitted to the legislature on or before April
    10  15, 2024.
    11    § 2. This act shall take effect immediately.





         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD06087-01-3