New York A 10126: Relates to expanding the empire state child credit

Bill Text

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A10126 Summary:

BILL NOA10126 

&nbsp

SAME ASSAME AS S09077

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SPONSORHevesi

&nbsp

COSPNSRRosenthal, Hooks, Davila

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MLTSPNSR

&nbsp

Amd §606, Tax L

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Expands eligibility and increases the amounts of the empire state child credit.

Go to top A10126 Actions:

BILL NOA10126 

&nbsp

02/02/2026referred to ways and means

Go to topA10126 Committee&nbspVotes:

Go to topA10126 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA10126 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 10126

 IN ASSEMBLY

 February 2, 2026
 ___________

 Introduced by M. of A. HEVESI -- read once and referred to the Committee
 on Ways and Means

 AN ACT to amend the tax law, in relation to expanding the empire state
 child credit

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

 1 Section 1. Subsection (c-1) of section 606 of the tax law, as added by
 2 section 1 of part A of chapter 62 of the laws of 2006, paragraph 1 as
 3 amended by section 1 and paragraph 1-a as added by section 2 of part C
 4 of chapter 59 of the laws of 2025, paragraph 4 as added by section 1 of
 5 part NN of chapter 59 of the laws of 2022 and paragraph 5 as added by
 6 section 1 of part BBB of chapter 56 of the laws of 2024, is amended to
 7 read as follows:
 8 (c-1) Empire state child credit. (1) For taxable years beginning
 9 before January first, two thousand twenty-five[, and taxable years
 10 beginning on or after January first, two thousand twenty-eight,] a resi-
 11 dent taxpayer shall be allowed a credit as provided herein equal to the
 12 greater of one hundred dollars times the number of qualifying children
 13 of the taxpayer or the applicable percentage of the child tax credit
 14 allowed the taxpayer under section twenty-four of the internal revenue
 15 code for the same taxable year for each qualifying child. Provided,
 16 however, in the case of a taxpayer whose federal adjusted gross income
 17 exceeds the applicable threshold amount set forth by section 24(b)(2) of
 18 the Internal Revenue Code, the credit shall only be equal to the appli-
 19 cable percentage of the child tax credit allowed the taxpayer under
 20 section 24 of the Internal Revenue Code for each qualifying child. For
 21 the purposes of [this subsection] subparagraphs (A) and (B) of paragraph
 22 one-a of this subsection, a qualifying child shall be a child who meets
 23 the definition of qualified child under section 24(c) of the internal
 24 revenue code. The applicable percentage shall be thirty-three percent.
 25 For purposes of this subsection, any reference to section 24 of the
 26 Internal Revenue Code shall be a reference to such section as it existed
 27 immediately prior to the enactment of Public Law 115-97.
 28 (1-a) (A) For taxable years beginning on and after January first, two
 29 thousand twenty-five, and before January first, two thousand twenty-six,
 30 a resident taxpayer shall be allowed a credit as provided herein, equal
 31 to the sum of:

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD14399-02-6

 A. 10126 2

 1 (i) one thousand dollars times the number of qualifying children of
 2 the taxpayer aged three or younger, and
 3 (ii) three hundred thirty dollars times the number of qualifying chil-
 4 dren of the taxpayer who have attained age four and not yet attained age
 5 seventeen.
 6 (B) For taxable years beginning on [and after] January first, two
 7 thousand twenty-six[, and before January first, two thousand twenty-
 8 eight,] a resident taxpayer shall be allowed a credit as provided here-
 9 in, equal to the sum of:
 10 (i) one thousand dollars times the number of qualifying children of
 11 the taxpayer aged three or younger, and
 12 (ii) five hundred dollars times the number of qualifying children of
 13 the taxpayer who have attained age four and not yet attained age seven-
 14 teen.
 15 (B-1) For taxable years beginning on January first, two thousand twen-
 16 ty-seven, a resident taxpayer shall be allowed a credit as provided
 17 herein, equal to the sum of:
 18 (i) one thousand one hundred fifty dollars times the number of quali-
 19 fying children of the taxpayer aged t