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Bill

S 6838

Increases the applicable percentage of the child tax credit allowed in the empire state child tax credit to forty-five percent

2025 Regular Session Introduced by Mark Walczyk

Raises the Empire State Child Tax Credit to 45%, boosting credits for New York families with qualifying children and increasing state costs.

REFERRED TO BUDGET AND REVENUE
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Bill Summary · S 6838

Summary of S 6838 – Empire State Child Tax Credit (ESCTC)

Overview

S 6838 seeks to increase the amount of the Empire State Child Tax Credit by raising the applicable percentage to 45%. Introduced on March 25, 2025, the bill is currently referred to the Budget and Revenue committee.

Purpose and intent

  • Enhance financial support for New York families with qualifying children by increasing the ESCTC portion of their tax credit.
  • Align the state credit with a higher percentage, potentially amplifying the total credit families can claim on their state taxes.

Key provisions

  • The central change is the applicability percentage of the Empire State Child Tax Credit, which would be set at 45%.
  • The bill does not specify other changes to eligibility thresholds, phaseouts, or refundable/nonrefundable status within the provided information; the core provision is the 45% applicable rate.

Who would be affected

  • New York state taxpayers who qualify for the Empire State Child Tax Credit.
  • Families with qualifying children that are eligible for ESCTC would see an increase in the portion of the credit under this state program.

Fiscal and timing considerations

  • Increasing the ESCTC percentage to 45% would likely increase the cost of the ESCTC program to the state, affecting state revenue and annual budget planning.
  • The current procedural status places the bill in the Budget and Revenue committee, indicating a fiscal impact review will be a priority as the bill moves.

Procedural history

  • Introduced: March 25, 2025.
  • Actions: Referred to Budget and Revenue on March 25, 2025 (listed twice in the legislative actions).

Sponsors and related bills

  • Primary sponsor: Senator Mark Walczyk.
  • Related Assembly bills (companion or prior-session equivalents): A 2492 (companion) and A 9257 (prior-session companion).

Potential impacts and considerations

  • Positive impact for eligible families through a larger ESCTC credit.
  • Potential budgetary impact for New York State, depending on current ESCTC structure and other concurrent tax policy changes.
  • If the bill progresses, further details (eligibility, interaction with federal credits, and administrative rules) would be clarified in subsequent legislative text and fiscal notes.

Next steps

  • Monitor committee reports from Budget and Revenue for fiscal analysis, amendments, and potential floor action.
  • Compare with Assembly companion(s) (A 2492, A 9257) for cross-chamber alignment and potential conference considerations.

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

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