Bill Text: NY A06604 | 2015-2016 | General Assembly | Introduced


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 - Dead) 2016-06-15 - held for consideration in ways and means [A06604 Detail]

Download: New_York-2015-A06604-Introduced.html
                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         6604
                              2015-2016 Regular Sessions
                                 I N  A S S E M B L Y
                                    March 27, 2015
                                      ___________
       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, 2016.
   11    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD10070-02-5
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