New York bill A04395 mandates a study on the earned income tax credit by the commissioner of taxation and finance, in collaboration with the health.

New York bill A04395 requires the commissioner of taxation and finance, in conjunction with the department of health and the office of temporary and disability assistance, to conduct a study on the earned income tax credit. The study aims to propose changes that would adjust the credit to offset any loss of public benefits resulting from increased employment, ensuring that a recipient's net income increases with higher earned income. The study must be submitted to the legislature by April 15, 2026.

New York bill A04395 mandates a study on the earned income tax credit by the commissioner of taxation and finance, in collaboration with the health.

New York bill A04395 requires the commissioner of taxation and finance, in conjunction with the department of health and the office of temporary and disability assistance, to conduct a study on the earned income tax credit. The study aims to propose changes that would adjust the credit to offset any loss of public benefits resulting from increased employment, ensuring that a recipient's net income increases with higher earned income. The study must be submitted to the legislature by April 15, 2026.