Expands eligibility and increases the amounts of the empire state child credit.

This bill amends the tax law to expand eligibility and increase the amounts of the empire state child credit. It adjusts the credit amounts based on the age of the qualifying children and the taxpayer's federal adjusted gross income. The bill also introduces a prepayment system for the credit starting in taxable year 2031. The credit is subject to adjustments due to changes in employment or family status and is payable in four installments.

Expands eligibility and increases the amounts of the empire state child credit.

This bill amends the tax law to expand eligibility and increase the amounts of the empire state child credit. It adjusts the credit amounts based on the age of the qualifying children and the taxpayer's federal adjusted gross income. The bill also introduces a prepayment system for the credit starting in taxable year 2031. The credit is subject to adjustments due to changes in employment or family status and is payable in four installments.