Raise the state’s earned income tax credit (EITC) match from 30% to 40% of the federal credit; broadens eligibility to include young adults, seniors, and individuals without Social Security numbers; requires prepayment of the earned income credit to qualifying employees; companion to S.5573A.

Raise the state’s earned income tax credit (EITC) match from 30% to 40% of the federal credit; broadens eligibility to include young adults, seniors, and individuals without Social Security numbers; requires prepayment of the earned income credit to qualifying employees; companion to A.5577A.

Eliminates the earned income tax credit (EITC) over four years to zero; adjusts the working families tax credit by cost-of-living adjustments; creates the working families tax credit up to $1,600 per qualifying child through age 17 after five years; reduces the amount of the families tax credit based on income; companion to S.2082.

Eliminates the earned income tax credit (EITC) over four years to zero; adjusts the working families tax credit by cost-of-living adjustments; creates the working families tax credit up to $1,600 per qualifying child through age 17 after five years; reduces the amount of the families tax credit based on income; companion to A.3474.

Allows nonprofits that had 501(c)(3) status on January 19, 2025 to automatically maintain tax-exempt status for New York state purposes while they apply for status as a "state protected not-for-profit organization"; requires applicants to apply for protection by showing that the IRS illegally or improperly revoked its 501(c)(3) status; provides for automatic designation of state-protected status if it provides a state or federal court decision in effect holding that the IRS acted or likely acted illegally in revoking the organization's tax-exempt status; allows nonprofits to appeal an adverse determination by the state; provides that protected organizations shall maintain their tax-exempt status under New York and local law, and shall be treated as if they maintained their 501(c)(3) status; allows the state to revoke this status if the organization no longer meets the requirements of the Act or provided false information; allows for simplified procedures to renew certification; provides for the Act to take effect immediately, retroactive to January 19, 2025, sunsetting on January 20, 2029.

Provides that the state nonprofit nonpartisanship provision shall be interpreted in accordance with state law, not the Johnson Amendment language of the federal tax code; defines "nonprofit organization" to include any corporation, association, trust, community chest, fund, foundation, or limited liability company organized and operated exclusively for religious, charitable, or educational purposes, or for the prevention of cruelty to children or animals, no part of the net earnings of which inures to the benefit of any private shareholder or individual; defines other key terms; restricts political campaign activities by nonprofits, prohibiting them from making, soliciting, or facilitating -- directly or indirectly -- campaign contributions for a candidate for public office, from publishing or distributing statements expressly supporting or opposing a candidate, or from using nonprofit resources or staff to support or oppose a candidate; provides that any organization violating these prohibitions may lose their exemption from taxes, fees, and impositions codified under that chapter of the state tax code; expressly permits nonprofits to lobby or advocate for legislation if it does not involve participation in a political campaign, to conduct nonpartisan analysis or study that is made available to the public, to provide nonpartisan voter education, and to engage in nonpartisan voter registration and GOTV efforts; provides safe harbors allowing nonprofits to host candidate appearances, offer the use of nonprofit facilities, or post candidate information on their websites, as long as offered on a nonpartisan and nondiscriminatory basis to all candidates, without favoritism; provides real property tax penalties for any tax-exempt property that is used for partisan campaign activity as prohibited by law.

Adds to the duties of the not-for-profit contracting advisory committee to advise the governor, comptroller, and state agencies on the implantation and operation of the state finance law, regularly review and report on timeliness, the state’s grant management system, comptroller reports, how procurement, contracting, and vetting can be improved, and issue recommendations.

Expands and clarifies the definition of “renewal contract” for nonprofit contractors; requires work orders to include a schedule for submission of invoices for completed work, payment by the state agency, instructions for accessing the Not-for-Profit Short-term Revolving Loan Fund, and an outline payment procedures; requires the state to pay interest on late payments at the current prime interest rate, except when a nonprofit has secured a loan from the Not-for-Profit Short-Term Revolving Loan Fund; requires automatic advance payments of 25% of the total award to cover startup expenses within 30 days of an executed work order; requires advance payments of 25% of the total award upon request when the agency informs a nonprofit of its intent to extend the contract, even if the contract has not been signed yet, and provides for additional quarterly advances while contract is pending; requires 25% advance payments when contract execution is delayed by more than 30 calendar days; requires the Commissioner of Taxation and Finance to post the current prime interest rate; allows nonprofits to borrow the full contract amount from the Short-Term Revolving Loan Fund; requires the state to publicize the program; imposes reporting requirements on the Not-for-Profit Contracting Advisory Committee, broadens its remit, and provides for public access to reports; provides timelines, dollar thresholds, and streamlined review procedures for contract modifications; requires all contracts to include the federally approved indirect cost rate of 15% or the nonprofit’s actual indirect cost ratio, whichever is higher; defines as direct costs the purchase of furniture, technology, and equipment, expenses related to necessary, program-related office space, and training and certification needed to maintain credentials required under the grant; defines interest on loans needed to provide contracted services as a direct reimbursable cost; companion to S.7001.

Expands and clarifies the definition of “renewal contract” for nonprofit contractors; requires work orders to include a schedule for submission of invoices for completed work, payment by the state agency, instructions for accessing the Not-for-Profit Short-term Revolving Loan Fund, and an outline payment procedures; requires the state to pay interest on late payments at the current prime interest rate, except when a nonprofit has secured a loan from the Not-for-Profit Short-Term Revolving Loan Fund; requires automatic advance payments of 25% of the total award to cover startup expenses within 30 days of an executed work order; requires advance payments of 25% of the total award upon request when the agency informs a nonprofit of its intent to extend the contract, even if the contract has not been signed yet, and provides for additional quarterly advances while contract is pending; requires 25% advance payments when contract execution is delayed by more than 30 calendar days; requires the Commissioner of Taxation and Finance to post the current prime interest rate; allows nonprofits to borrow the full contract amount from the Short-Term Revolving Loan Fund; requires the state to publicize the program; imposes reporting requirements on the Not-for-Profit Contracting Advisory Committee, broadens its remit, and provides for public access to reports; provides timelines, dollar thresholds, and streamlined review procedures for contract modifications; requires all contracts to include the federally approved indirect cost rate of 15% or the nonprofit’s actual indirect cost ratio, whichever is higher; defines as direct costs the purchase of furniture, technology, and equipment, expenses related to necessary, program-related office space, and training and certification needed to maintain credentials required under the grant; defines interest on loans needed to provide contracted services as a direct reimbursable cost; companion to A.7616. UPDATE - new status; SUBSTITUTED for companion to A.7616.

Establishes a not-for-profit transparency database by the comptroller of a list of nonprofits in the process of being approved for contracts, received certificates of approval, approved for contracts, received renewal contracts, or received fully-executed contracts with the state; requires the database be public accessible.