Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 11, 2010 |
print number 3888a |
Jun 11, 2010 |
amend and recommit to investigations and government operations |
Jan 06, 2010 |
referred to investigations and government operations |
May 26, 2009 |
reported and committed to finance |
Apr 02, 2009 |
referred to investigations and government operations |
Senate Bill S3888
2009-2010 Legislative Session
Sponsored By
(D) 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
Bill Amendments
co-Sponsors
(D) Senate District
(D, WF) Senate District
(D, WF) 28th Senate District
(D) Senate District
2009-S3888 - Details
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Add §171-t, Tax L
2009-S3888 - Sponsor Memo
BILL NUMBER: S3888 TITLE OF BILL : An act to amend the tax law, in relation to annual reports on refundable tax credits PURPOSE This bill would require the Commissioner of Taxation and Finance ("Commissioner") to publish an annual report identifying the names of taxpayers receiving refundable business tax credits and the amounts of those credits. SUMMARY OF PROVISIONS : Section 1 of the bill would add a new Tax Law §171-t requiring the Commissioner to publish an annual refundable tax credit report, beginning by January 31, 2010. To the extent practicable, the report would provide the name of each taxpayer claiming a refundable business tax credit and the amount of each credit earned. Section 1 of the bill further provides that if the credit is generated by the activities of a limited liability company, a partnership, or a Subchapter S corporation, the report will include only the name of the entity and the amount of credit generated by the entity. The names of the
2009-S3888 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3888 2009-2010 Regular Sessions I N S E N A T E April 2, 2009 ___________ Introduced by Sens. C. JOHNSON, DIAZ, DUANE, ONORATO, SAVINO -- (at request of the Department of Taxation and Finance) -- 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 annual reports on refundable tax credits THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The tax law is amended by adding a new section 171-t to read as follows: S 171-T. ANNUAL REFUNDABLE TAX CREDIT REPORT. 1. THE COMMISSIONER MUST PUBLISH AN ANNUAL REFUNDABLE TAX CREDIT REPORT BY THE THIRTY-FIRST OF JANUARY. THE FIRST REPORT MUST BE PUBLISHED BY JANUARY THIRTY-FIRST, TWO THOUSAND TEN. 2. THE CREDIT REPORT MUST CONTAIN THE FOLLOWING INFORMATION REGARDING THE REFUNDABLE BUSINESS CREDITS CLAIMED UNDER THIS CHAPTER DURING THE PREVIOUS CALENDAR YEAR: (A) THE NAME OF EACH TAXPAYER CLAIMING A CREDIT; PROVIDED HOWEVER, IF THE TAXPAYER CLAIMS A CREDIT BECAUSE THE TAXPAYER IS A MEMBER OF A LIMITED LIABILITY COMPANY, A PARTNER IN A PARTNERSHIP OR A SHAREHOLDER IN A SUBCHAPTER S CORPORATION, THE NAME OF EACH LIMITED LIABILITY COMPA- NY, PARTNERSHIP OR SUBCHAPTER S CORPORATION EARNING ANY OF THOSE CREDITS MUST BE INCLUDED IN THE REPORT INSTEAD OF INFORMATION ABOUT THE TAXPAYER CLAIMING THE CREDIT; AND (B) THE AMOUNT OF EACH CREDIT EARNED BY EACH TAXPAYER; PROVIDED HOWEV- ER, IF THE TAXPAYER CLAIMS A CREDIT BECAUSE THE TAXPAYER IS A MEMBER OF A LIMITED LIABILITY COMPANY, A PARTNER IN A PARTNERSHIP OR A SHAREHOLDER IN A SUBCHAPTER S CORPORATION, THE AMOUNT OF CREDIT EARNED BY EACH ENTI- TY MUST BE INCLUDED IN THE REPORT INSTEAD OF INFORMATION ABOUT THE TAXPAYER CLAIMING THE CREDIT. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09391-01-9
co-Sponsors
(D) Senate District
(D, WF) Senate District
(D, WF) 28th Senate District
(D) Senate District
2009-S3888A (ACTIVE) - Details
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Add §171-t, Tax L
2009-S3888A (ACTIVE) - Sponsor Memo
BILL NUMBER:S3888A TITLE OF BILL: An act to amend the tax law, in relation to annual reports on refundable tax credits PURPOSE: This bill would require the Commissioner of Taxation and Finance ("Commissioner") to publish an annual report identifying the names of taxpayers receiving refundable business tax credits and the amounts of those credits. SUMMARY OF PROVISIONS: Section 1 of the bill would add a new Tax Law §171-t requiring the Commissioner to publish an annual refundable tax credit report, begin- ning by January 31, 2011. To the extent practicable, the report would provide the name of each taxpayer claiming a refundable business tax credit and the amount of each credit earned. Section 1 of the bill further provides that if the credit is generated by the activities of a limited liability company, a partnership, or a Subchapter S corporation, the report will include only the name of the entity and the amount of credit generated by the entity. The names of the individual members, partners, or shareholders will not be disclosed.
2009-S3888A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3888--A 2009-2010 Regular Sessions I N S E N A T E April 2, 2009 ___________ Introduced by Sens. C. JOHNSON, DIAZ, DUANE, KRUEGER, ONORATO, SAVINO -- (at request of the Department of Taxation and Finance) -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Government Operations -- recommitted to the Committee on Investigations and Government Operations in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the tax law, in relation to annual reports on refundable tax credits THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The tax law is amended by adding a new section 171-u to read as follows: S 171-U. ANNUAL REFUNDABLE TAX CREDIT REPORT. 1. THE COMMISSIONER MUST PUBLISH AN ANNUAL REFUNDABLE TAX CREDIT REPORT BY THE THIRTY-FIRST OF JANUARY. THE FIRST REPORT MUST BE PUBLISHED BY JANUARY THIRTY-FIRST, TWO THOUSAND ELEVEN. 2. THE CREDIT REPORT MUST CONTAIN THE FOLLOWING INFORMATION REGARDING THE REFUNDABLE BUSINESS CREDITS CLAIMED UNDER THIS CHAPTER DURING THE PREVIOUS CALENDAR YEAR: (A) THE NAME OF EACH TAXPAYER CLAIMING A CREDIT; PROVIDED HOWEVER, IF THE TAXPAYER CLAIMS A CREDIT BECAUSE THE TAXPAYER IS A MEMBER OF A LIMITED LIABILITY COMPANY, A PARTNER IN A PARTNERSHIP OR A SHAREHOLDER IN A SUBCHAPTER S CORPORATION, THE NAME OF EACH LIMITED LIABILITY COMPA- NY, PARTNERSHIP OR SUBCHAPTER S CORPORATION EARNING ANY OF THOSE CREDITS MUST BE INCLUDED IN THE REPORT INSTEAD OF INFORMATION ABOUT THE TAXPAYER CLAIMING THE CREDIT; AND (B) THE AMOUNT OF EACH CREDIT EARNED BY EACH TAXPAYER; PROVIDED HOWEV- ER, IF THE TAXPAYER CLAIMS A CREDIT BECAUSE THE TAXPAYER IS A MEMBER OF A LIMITED LIABILITY COMPANY, A PARTNER IN A PARTNERSHIP OR A SHAREHOLDER IN A SUBCHAPTER S CORPORATION, THE AMOUNT OF CREDIT EARNED BY EACH ENTI- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09391-03-0
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