Amends the school tax reduction credit and implements a child tax credit for residents of cities with a population over one million in New York.

This bill amends the school tax reduction credit for residents of cities with a population over one million in New York. It introduces a new child tax credit of three hundred dollars per qualifying child for such residents. The credit is prorated for taxpayers who change residency status during the taxable year. The bill also mandates the commissioner of taxation and finance to publicize the child tax credit and inform taxpayers of tax liability changes. The credit amount is reduced based on the taxpayer's income exceeding specified thresholds.

Amends the school tax reduction credit and implements a child tax credit for residents of cities with a population over one million in New York.

This bill amends the school tax reduction credit for residents of cities with a population over one million in New York. It introduces a new child tax credit of three hundred dollars per qualifying child for such residents. The credit is prorated for taxpayers who change residency status during the taxable year. The bill also mandates the commissioner of taxation and finance to publicize the child tax credit and inform taxpayers of tax liability changes. The credit amount is reduced based on the taxpayer's income exceeding specified thresholds.