New York S 6839: Relates to adding certain offenses committed by a family member to the list of crimes qualifying for bail
Status: REFERRED TO CODES (as of 2020-01-08)
State: New York · Session: 2019-2020 · Bill: S 6839
Sponsors: SERINO
Bill Text
Bill Search and Legislative Information | New York State Assembly • • • • • • • • Skip to main content New York State Assembly Speaker Carl E. Heastie --> --> --> • Assembly Members • Legislative Info • Public Hearings • Speaker's Press • Assembly Reports • Committees & More • Bill Search Home • Laws • Legislative Calendar • Public Hearing Schedule • Assembly Calendars • Assembly Committee Agenda Javascript must be enabled to properly view this page. Bill No.: • Summary • Actions • Committee Votes • Floor Votes • Memo • Text • LFIN • Chamber Video/Transcript S06839 Summary: BILL NOS06839   SAME ASSAME AS A02498   SPONSORWALCZYK   COSPNSR   MLTSPNSR   Amd §606, Tax L   Increases the earned income tax credit for taxable years beginning in 2025. Go to top S06839 Actions: BILL NOS06839   03/25/2025REFERRED TO BUDGET AND REVENUE 01/07/2026REFERRED TO BUDGET AND REVENUE Go to topS06839 Committee Votes: Go to topS06839 Floor Votes: There are no Assembly votes for this bill in this legislative session. Go to topS06839 Text: STATE OF NEW YORK ________________________________________________________________________ 6839 2025-2026 Regular Sessions IN SENATE March 25, 2025 ___________ Introduced by Sen. WALCZYK -- read twice and ordered printed, and when printed to be committed to the Committee on Budget and Revenue AN ACT to amend the tax law, in relation to increasing the earned income tax credit The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Paragraph 1 of subsection (d) of section 606 of the tax 2 law, as amended by section 1 of part Q of chapter 63 of the laws of 3 2000, is amended to read as follows: 4 (1) General. A taxpayer shall be allowed a credit as provided herein 5 equal to (i) the applicable percentage of the earned income credit 6 allowed under section thirty-two of the internal revenue code for the 7 same taxable year, (ii) reduced by the credit permitted under subsection 8 (b) of this section. 9 The applicable percentage shall be (i) seven and one-half percent for 10 taxable years beginning in nineteen hundred ninety-four, (ii) ten 11 percent for taxable years beginning in nineteen hundred ninety-five, 12 (iii) twenty percent for taxable years beginning after nineteen hundred 13 ninety-five and before two thousand, (iv) twenty-two and one-half 14 percent for taxable years beginning in two thousand, (v) twenty-five 15 percent for taxable years beginning in two thousand one, (vi) twenty- 16 seven and one-half percent for taxable years beginning in two thousand 17 two, [and] (vii) thirty percent for taxable years beginning in two thou- 18 sand three, and (viii) forty-five percent for taxable years beginning in 19 two thousand twenty-five and thereafter. Provided, however, that if the 20 reversion event, as defined in this paragraph, occurs, the applicable 21 percentage shall be twenty percent for taxable years ending on or after 22 the date on which the reversion event occurred. The reversion event 23 shall be deemed to have occurred on the date on which federal action, 24 including but not limited to, administrative, statutory or regulatory 25 changes, materially reduces or eliminates New York state's allocation of EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05758-01-5 S. 6839 2 1 the federal temporary assistance for needy families block grant, or 2 materially reduces the ability of the state to spend federal temporary 3 assistance for needy families block grant funds for the earned income 4 credit or to apply state general fund spending on the earned income 5 credit toward the temporary assistance for needy families block grant 6 maintenance of effort requirement, and the commissioner of the office of 7 temporary and disability assistance shall certify the date of such event 8 to the commissioner of taxation and finance, the director of the divi- 9 sion of the budget, the speaker of the assembly and the temporary presi- 10 dent of the senate. 11 § 2. Subsection (d) of section 606 of the tax law is amended by adding 12 a new paragraph 9 to read as follows: 13 (9) For taxable years beginning on or after January first, two thou- 14 sand twenty-five, an earned income tax credit pursuant to this section 15 or an enhanced earned income tax credit pursuant to subsection (d-1) of 16 this section may, at the election of the taxpayer made via a form to be 17 prescribed by the commissioner, be paid to the taxpayer as follows: (i) 18 for amounts equal to or less than two hundred dollars, the payment or 19 refund shall be made in a lump sum, (ii) for amounts in excess of two 20 hundred dollars and less than two thousand four hundred dollars, the 21 payment or refund shall eq
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