Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 06, 2010 |
referred to investigations and government operations |
Feb 06, 2009 |
referred to investigations and government operations |
Senate Bill S1763
2009-2010 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Senate Committee Investigations And Government Operations 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
2009-S1763 (ACTIVE) - Details
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd §651, Tax L
2009-S1763 (ACTIVE) - Sponsor Memo
BILL NUMBER: S1763 TITLE OF BILL : An act to amend the tax law, in relation to the requirement to file a personal income tax return PURPOSE : To set minimum personal income tax filing levels at the level of the standard deduction based upon New York adjusted gross income, rather than the arbitrary $4,000 which is currently in statute. The change would mean that most persons with no State personal income tax liability or refundable credits would be exempt from having to file State tax returns. SUMMARY OF PROVISIONS : Amends sec. 651 of the Tax Law to replace the statutory $4,000 filing minimum with a minimum equal to the standard deduction. Applies a base of New York adjusted gross income, rather than the federal adjusted gross income. EXISTING LAW : Existing law requires filing of a State return by persons required to file a federal return or with a federal adjusted gross income of $4,000 or more, regardless of whether or not State tax is owed.
2009-S1763 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1763 2009-2010 Regular Sessions I N S E N A T E February 6, 2009 ___________ Introduced by Sen. FARLEY -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations AN ACT to amend the tax law, in relation to the requirement to file a personal income tax return THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph 1 of subsection (a) of section 651 of the tax law, as amended by chapter 333 of the laws of 1987, is amended to read as follows: (1) every resident individual (A) [required to file a federal income tax return for the taxable year, or (B)] having [federal] NEW YORK adjusted gross income for the taxable year[, increased by the modifica- tions under subsection (b) of section six hundred twelve,] in excess of [four thousand dollars, or in excess of] his OR HER New York standard deduction, [if lower,] or [(C)] (B) subject to tax under section six hundred two OF THIS ARTICLE, or [(D)] (C) having received during the taxable year a lump sum distribution any portion of which is subject to tax under section six hundred three OF THIS ARTICLE; S 2. This act shall take effect immediately and shall apply to all taxable years beginning on or after the first of January next succeeding the date on which this act shall have become a law. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD01766-01-9
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