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Bill

A 5549

Doubles the empire state child credit for young children

2025 Regular Session Introduced by Chris Burdick and 1 co-sponsor

Bill A 5549 doubles the Empire State Child Credit, providing greater financial support to families with young children, easing their financial burdens.

REFERRED TO WAYS AND MEANS
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Bill Summary · A 5549

Summary of Bill A 5549: Doubles the Empire State Child Credit for Young Children

Purpose and Intent

Bill A 5549 aims to enhance financial support for families with young children by doubling the existing Empire State Child Credit. This initiative is designed to provide greater financial relief to parents and guardians, thereby promoting child welfare and supporting family budgets.

Key Provisions

  • Doubling the Credit: The bill proposes to increase the Empire State Child Credit for families with children under a certain age (specific age details may be defined in subsequent legislative discussions).
  • Eligibility Criteria: While the bill does not specify eligibility criteria in the provided information, it is expected that the credit will be available to families meeting certain income thresholds, similar to previous iterations of the credit.
  • Implementation Timeline: The bill was introduced on February 14, 2025, and has been referred to the Ways and Means Committee for further consideration.

Affected Parties

  • Families with Young Children: The primary beneficiaries of this bill will be families with young children, who will receive increased financial support through the enhanced child credit.
  • State Budget: The proposed increase in the child credit may have implications for the state budget, as it could lead to increased expenditures in the tax credit program.

Legislative Process

  • Current Status: As of now, Bill A 5549 has been referred to the Ways and Means Committee, where it will undergo further analysis and discussion.
  • Related Legislation: This bill is part of a broader legislative context, with several related bills from prior sessions (A 10822, A 1222, A 6587, A 3911) that may inform its provisions and potential amendments.

Conclusion

Bill A 5549 represents a significant step towards enhancing financial support for families in New York State. By doubling the Empire State Child Credit, the bill seeks to alleviate some of the financial burdens faced by parents and guardians of young children. The bill's progress through the legislative process will be closely monitored as it moves through the Ways and Means Committee.

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

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