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A 4038

Enacts the enhanced empire state child credit for infants act

2025 Regular Session Introduced by Yudelka Tapia

Bill A 4038 boosts tax credits for New York families with infants, offering financial relief to low and moderate-income households managing childcare costs.

REFERRED TO WAYS AND MEANS
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WeVote Research Nonpartisan
Bill Summary · A 4038

Summary of Bill A 4038: Enhanced Empire State Child Credit for Infants Act

Bill Overview

  • Bill Number: A 4038
  • Title: Enacts the Enhanced Empire State Child Credit for Infants Act
  • Status: Referred to Ways and Means
  • Introduced On: January 30, 2025
  • Classification: Bill

Purpose and Intent

The Enhanced Empire State Child Credit for Infants Act aims to expand financial support for families with infants in New York State. The primary intent of this legislation is to provide additional tax relief to parents and guardians, thereby alleviating some of the financial burdens associated with raising young children.

Key Provisions

While the specific provisions of the bill are not detailed in the provided information, the following are expected components based on the title and typical legislative frameworks:

  • Increased Tax Credit: The bill is likely to propose an increase in the existing Empire State Child Credit specifically for families with infants, potentially raising the credit amount or expanding eligibility criteria.
  • Eligibility Criteria: The legislation may define specific income thresholds or family structures that qualify for the enhanced credit, ensuring that the support reaches those most in need.
  • Implementation Timeline: The bill may outline when the enhanced credit would take effect, possibly aligning with the tax year following its passage.

Who Would Be Affected

  • Families with Infants: The primary beneficiaries of this bill would be families in New York State that have infants, providing them with increased financial support through tax credits.
  • Low to Moderate-Income Households: The bill is likely designed to assist low to moderate-income families, helping them manage the costs associated with childcare and infant care.

Procedural Aspects

  • Current Status: As of January 30, 2025, the bill has been referred to the Ways and Means Committee, where it will be reviewed and discussed before any further legislative action can take place.
  • Next Steps: The committee will evaluate the bill, and if approved, it may proceed to the floor for a vote. The timeline for these actions will depend on the committee's schedule and priorities.

Conclusion

Bill A 4038 represents a significant step towards enhancing financial support for families with infants in New York State. By potentially increasing the Empire State Child Credit, the legislation aims to provide much-needed relief to parents, helping them manage the costs of raising young children. As the bill progresses through the legislative process, further details will emerge regarding its specific provisions and impact.

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

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