Adjusts the calculation of the empire state child credit to provide for a one thousand dollar credit per qualifying child who is less than four years.

New York A01972 amends the tax law to adjust the calculation of the empire state child credit. It provides a one thousand dollar credit per qualifying child who is less than four years of age and a five hundred dollar credit per qualifying child who is four years of age or older. This applies to certain qualifying taxpayers with a New York state adjusted gross income of less than seventy-five thousand dollars for individuals who are not married, one hundred ten thousand dollars for joint returns, or fifty-five thousand dollars for married individuals filing separately.

Adjusts the calculation of the empire state child credit to provide for a one thousand dollar credit per qualifying child who is less than four years.

New York A01972 amends the tax law to adjust the calculation of the empire state child credit. It provides a one thousand dollar credit per qualifying child who is less than four years of age and a five hundred dollar credit per qualifying child who is four years of age or older. This applies to certain qualifying taxpayers with a New York state adjusted gross income of less than seventy-five thousand dollars for individuals who are not married, one hundred ten thousand dollars for joint returns, or fifty-five thousand dollars for married individuals filing separately.