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A 4106

Disregards the federal child tax credit in calculating an individual taxpayer's federal adjusted gross income

2025 Regular Session Introduced by Brian Cunningham

Bill A 4106 excludes the federal child tax credit from individual taxpayers' income calculations, potentially lowering their tax liability and impacting state revenue.

REFERRED TO WAYS AND MEANS
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WeVote Research Nonpartisan
Bill Summary · A 4106

Summary of Bill A 4106

Bill Information

  • Bill Number: A 4106
  • Title: Disregards the federal child tax credit in calculating an individual taxpayer's federal adjusted gross income
  • Status: Referred to Ways and Means
  • Introduced: January 31, 2025
  • Classification: Bill

Purpose and Intent

Bill A 4106 aims to modify the way individual taxpayers calculate their federal adjusted gross income (AGI) by excluding the federal child tax credit from this calculation. The intent behind this legislation is to potentially alter the tax liability for individuals who claim the child tax credit, thereby impacting their overall tax obligations.

Key Provisions

  • Exclusion of Child Tax Credit: The primary provision of the bill is the explicit exclusion of the federal child tax credit from the calculation of an individual taxpayer's federal adjusted gross income. This means that taxpayers who qualify for the child tax credit will not have this amount counted against their income when determining their tax obligations.

Impact

  • Affected Taxpayers: This bill would primarily affect individual taxpayers who claim the federal child tax credit. By disregarding this credit in the AGI calculation, these taxpayers may see a change in their taxable income, which could lead to a lower tax liability.
  • Potential Revenue Implications: The exclusion of the child tax credit from AGI calculations could result in decreased tax revenue for the state, depending on the number of taxpayers who claim the credit and the overall financial impact of this exclusion.

Procedural Aspects

  • Current Status: As of January 31, 2025, the bill has been referred to the Ways and Means Committee for further consideration. This is a critical step in the legislative process, as the committee will review the bill, hold hearings, and potentially make amendments before it is brought to the floor for a vote.

Related Legislation

  • A 8350 (Prior Session): This bill is related to A 8350, which may have addressed similar issues regarding tax credits or adjustments in previous legislative sessions. Reviewing the prior bill could provide additional context for understanding the motivations and implications of A 4106.

Conclusion

Bill A 4106 proposes a significant change in how the federal child tax credit is treated in the calculation of federal adjusted gross income for individual taxpayers. By excluding this credit, the bill aims to adjust tax liabilities for those who qualify, with potential implications for state revenue and taxpayer financial situations. The bill is currently under review by the Ways and Means Committee.

Compiled from official sources — confirm details with the bill’s official record.

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