Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 21, 2012 |
committed to rules |
Jan 18, 2012 |
advanced to third reading |
Jan 10, 2012 |
2nd report cal. |
Jan 09, 2012 |
1st report cal.7 |
Jan 05, 2012 |
referred to investigations and government operations |
Senate Bill S6138
2011-2012 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Senate Committee Rules Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
co-Sponsors
(R, C) 7th Senate District
2011-S6138 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A10752
- Current Committee:
- Senate Rules
- Law Section:
- Tax Law
- Laws Affected:
- Amd ยง171, Tax L
- Versions Introduced in Other Legislative Sessions:
-
2013-2014:
S3617, A6117
2015-2016: A6636
2011-S6138 (ACTIVE) - Sponsor Memo
BILL NUMBER:S6138 TITLE OF BILL: An act to amend the tax law, in relation to requiring the commissioner of taxation and finance to issue an annual report disclosing the aggregate amount claimed on certain tax credits for the preceding state fiscal year PURPOSE: This legislation requires the Commissioner of the Department of Taxation and Finance to annually issue a report disclosing information on claimed tax credits by total number of taxpayers and total amount claimed for each credit in the preceding tax year. SUMMARY OF SPECIFIC PROVISIONS: This legislation requires the Commissioner of the Department of Taxation and Finance to annually issue a report disclosing information on claimed tax credits by total number of taxpayers and total amount claimed for each credit in the preceding tax year. This report is in addition to any other reporting requirements already required by law. JUSTIFICATION: For the State, and the legislature, to make budget
2011-S6138 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6138 I N S E N A T E January 5, 2012 ___________ Introduced by Sen. MARCELLINO -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Government Operations AN ACT to amend the tax law, in relation to requiring the commissioner of taxation and finance to issue an annual report disclosing the aggregate amount claimed on certain tax credits for the preceding state fiscal year THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 171 of the tax law is amended by adding a new subdivision twenty-ninth to read as follows: TWENTY-NINTH. ANNUALLY, NO LATER THAN DECEMBER THIRTY-FIRST, ISSUE A REPORT DISCLOSING, FOR EACH CREDIT AUTHORIZED BY THIS CHAPTER THAT IS CLAIMED BY AT LEAST THREE TAXPAYERS, THE AGGREGATE AMOUNT CLAIMED ON RETURNS AND REPORTS FILED FOR TAXABLE YEARS ENDING DURING THE IMMEDIATE- LY PRECEDING STATE FISCAL YEAR. WHEN DETERMINING WHETHER A CREDIT HAS BEEN CLAIMED BY AT LEAST THREE TAXPAYERS, TAXPAYERS CLAIMING A PRO-RATA SHARE OF A CREDIT THAT HAS BEEN REPORTED BY AN ENTITY WHICH IS NOT SUBJECT TO TAX ON AMOUNTS DISTRIBUTED TO ITS BENEFICIAL OWNERS, OR IS EXEMPT FROM ENTITY-LEVEL TAXATION SHALL BE DISREGARDED AND THE REPORT OF THE ENTITY SHALL BE COUNTED. SUCH REPORTING REQUIREMENT SHALL BE IN ADDITION TO ANY OTHER REPORTING REQUIREMENTS PRESCRIBED BY THIS CHAPTER. FOR PURPOSES OF THIS SUBDIVISION, STATE FISCAL YEAR SHALL HAVE THE SAME MEANING AS SECTION THREE OF THE STATE FINANCE LAW. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD13869-01-2
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