NYC, The New York Senate. March 2022. New York City Mayor Eric Adams announced he is working in partnership with state lawmakers to expand the state’s version of the federal Earned Income Tax Credit (EITC), which would in turn increase the amount of the city’s EITC, currently set at 5 percent of the state-level credit. The state-level proposal would expand the credit value, the parameters of who is eligible for the tax credit, including young adults aged 18-24, and allow recipients to receive advance payments on a quarterly basis. 

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