New York bill A04038 proposes to double the Empire State Child Tax Credit for children under one year old.

New York Assembly Bill A04038, known as the "Enhanced Empire State Child Credit for Infants Act," seeks to amend the tax law by doubling the amount of the Empire State Child Tax Credit for qualifying children under one year of age. The bill aims to alleviate financial stress for families during the first year of a child's life, which often involves significant costs for healthcare, diapers, formula, and other necessities. The enhanced credit will apply starting with the 2026 tax year and each subsequent year for qualifying children under one year old.

New York bill A04038 proposes to double the Empire State Child Tax Credit for children under one year old.

New York Assembly Bill A04038, known as the "Enhanced Empire State Child Credit for Infants Act," seeks to amend the tax law by doubling the amount of the Empire State Child Tax Credit for qualifying children under one year of age. The bill aims to alleviate financial stress for families during the first year of a child's life, which often involves significant costs for healthcare, diapers, formula, and other necessities. The enhanced credit will apply starting with the 2026 tax year and each subsequent year for qualifying children under one year old.