Provides for the advance payment of the earned income tax credit

This New York State bill allows for advance payments of the Earned Income Tax Credit (EITC) to qualifying low-income workers, replacing the current system where refunds are issued after annual tax filing. Eligible workers - including those aged 19 or older (down from 25) and without children - will receive four payments: three during the year (20% of the expected credit) and one adjusted payment after the tax year ends. The bill also increases the credit percentage for 2027 and later years (up to 40%), raises the income threshold for phaseout to $24,960 (from $11,610), and includes annual inflation adjustments. Payments will be delivered via direct deposit or electronic benefit transfer (EBT) card.