Maddy summaryThis bill increases New York State's earned income tax credit (EITC) for tax returns filed in 2025 and later, raising the credit percentage from 30% to 45% of the federal EITC amount. It directly affects low-to-moderate income workers and families who qualify for the state EITC, primarily those with children or who meet income thresholds. The bill adds new payment options: small credits ($200 or less) are paid as a lump sum, medium credits ($200-$2,400) as three quarterly payments, and larger credits ($2,400+) as monthly installments. The changes take effect for taxable years beginning January 1, 2025, and are implemented through updated tax law provisions.
Asm. Ed Ra
Sponsored bills
Maddy summaryThis bill creates tax-advantaged savings accounts for small businesses, allowing them to deduct contributions (up to 10% of prior year's gross profits) and receive tax-free distributions during qualifying economic hardship. It directly affects eligible small businesses with 25 or fewer average full-time employees and under $250,000 annual net income. Key provisions include requiring hardship distributions to fund worker hiring or job retention, setting annual limits on qualified distributions, and mandating reinvestment plans for hardship withdrawals. The tax exemptions for contributions and qualified distributions begin in 2025, with penalties for misusing funds.
Maddy summaryThis bill amends the state finance law to include intergovernmental loans (loans between government entities) within the definition of "state-supported debt." It directly affects state agencies and public corporations that issue such loans, requiring them to account for these loans under the same reporting and oversight rules as bonds or notes. The key change clarifies that the state must be constitutionally or contractually obligated to repay the debt (subject to funding) for it to be classified as state-supported debt, excluding only contingent obligations. This adjustment standardizes how these financial instruments are tracked and reported in state debt calculations.
Authorizes the creation of a study to examine public library aid formulas and library construction formulas and the criteria to be used for such study.
Maddy summaryThis bill makes permanent a 2022 law that grants "preferred source status" to businesses providing employment to certain persons (like veterans or individuals with disabilities) when those businesses bid on state government contracts. It removes the original 3-year expiration date from the 2022 law, ensuring the preferred status remains in effect indefinitely. The provision directly affects state government contractors who employ these specific groups, giving them priority in procurement processes. It does not create new eligibility criteria but extends the existing rule permanently. The law applies to new contracts issued after the effective date, not to existing contracts or requests for proposals.
Maddy summaryThis bill (A 2393) doubles the annual funding cap for the child care tax credit program from $25 million to $50 million per year for businesses providing child care services in New York. It directly affects eligible businesses that qualify under existing rules by increasing the total pool of funds available for their tax credits. The key mechanism requires the state Office to allocate the $50 million pro-rata (based on proportion) to all qualifying business entities that demonstrate eligibility. This change applies to the 2023-2024 fiscal period and takes effect immediately.
Authorizes physicians and pharmacists to enter into collaborative practice medication adherence protocols for their patients; makes permanent certain provisions relating to authorizing pharmacists to perform with physicians in certain settings.
Includes offenses involving the possession, display or discharge of a firearm, rifle, shotgun, machine-gun, or disguised gun as qualifying offenses for the purpose of allowing a principal to be eligible to be held on bail.
Maddy summaryThis bill repeals specific provisions in the criminal procedure law that governed discovery rules and a defendant's right to request access to crime scenes or relevant premises. It directly affects defendants in criminal cases by removing their legal ability to seek such access under the current law. The bill accomplishes this by formally repealing Subdivision 2 of Section 245.30 of the criminal procedure law, effective immediately upon enactment. This is a procedural change altering the legal framework for criminal procedure, not a substantive policy shift.
Enacts "the combating campus antisemitism act"; prohibits the granting of tuition assistance awards to any student who has knowingly engaged in promoting antisemitism in a manner that is directed to inciting or producing imminent lawless action and is likely to incite or produce such action, that constitutes "true threats"; makes related provisions.