New York A04886 provides a tax credit for taxpayers who suffer the birth of a stillborn child.

New York A04886 amends the tax law to provide a refund-able credit of $2,000 for taxpayers who experience the birth of a stillborn child. This credit applies if the child would have been a dependent under the Internal Revenue Code. The credit is available for the taxable year in which a certificate of stillbirth is issued under the public health law. The amendment takes effect immediately and applies to taxable years starting on or after January 1, 2025.

New York A04886 provides a tax credit for taxpayers who suffer the birth of a stillborn child.

New York A04886 amends the tax law to provide a refund-able credit of $2,000 for taxpayers who experience the birth of a stillborn child. This credit applies if the child would have been a dependent under the Internal Revenue Code. The credit is available for the taxable year in which a certificate of stillbirth is issued under the public health law. The amendment takes effect immediately and applies to taxable years starting on or after January 1, 2025.