Assembly Bill A6117

2013-2014 Legislative Session

Requires the commissioner of taxation and finance to issue an annual report on certain tax credits for the preceding state fiscal year

download bill text pdf

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Archive: Last Bill Status - In Assembly 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

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2013-A6117 (ACTIVE) - Details

See Senate Version of this Bill:
S3617
Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd §171, Tax L
Versions Introduced in Other Legislative Sessions:
2011-2012: A10752, S6138
2015-2016: A6636

2013-A6117 (ACTIVE) - Summary

Requires 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.

2013-A6117 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  6117

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                             March 15, 2013
                               ___________

Introduced  by  M.  of  A.  ENGLEBRIGHT -- read once and referred to the
  Committee on Ways and Means

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.
                                                           LBD08467-01-3

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