Relates to expanding the empire state child credit

This bill expands New York's Empire State Child Credit to provide larger cash payments to eligible parents. It increases the credit amount for children under age 4 (up to $1,500 annually by 2029) and for children ages 4-17/18 (up to $1,250 annually by 2029), with automatic inflation adjustments starting in 2031. The credit phases out for higher-income families, with thresholds set at $75,000 for single filers and $110,000 for married couples filing jointly. Beginning in 2031, the state will make four annual advance payments to qualifying families to simplify access to the benefit.