New York A04959 amends tax law to allow advance payments of the earned income credit by employers and state and city tax commissioners.

New York A04959 amends the tax law by adding a new section for advance payments of the earned income credit. The commissioner of the department of taxation and finance and the commissioner of New York City's department of finance will provide pre-payments to qualifying employees. Four advance payments will be made, with the first three during the taxable year and the fourth after the year is over. Earned income eligibility certificates must be submitted by employees to the commissioner. The commissioner will notify taxpayers of the availability of advance payments.

New York A04959 amends tax law to allow advance payments of the earned income credit by employers and state and city tax commissioners.

New York A04959 amends the tax law by adding a new section for advance payments of the earned income credit. The commissioner of the department of taxation and finance and the commissioner of New York City's department of finance will provide pre-payments to qualifying employees. Four advance payments will be made, with the first three during the taxable year and the fourth after the year is over. Earned income eligibility certificates must be submitted by employees to the commissioner. The commissioner will notify taxpayers of the availability of advance payments.