senate Bill S8511

2009-2010 Legislative Session

Exempts insurance companies from tax credit deferrals; repealer

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Rules Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (1)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Nov 19, 2010 referred to rules

S8511 (ACTIVE) - Details

See Assembly Version of this Bill:
A11723
Current Committee:
Senate Rules
Law Section:
Tax Law
Laws Affected:
Amd §33, rpld §34 sub 3 ¶(a) sub¶ 5, ¶(b) sub¶ 5, §1511 subs (y) & (z), Tax L
Versions Introduced in 2011-2012 Legislative Session:
S3243, A8079

S8511 (ACTIVE) - Summary

Exempts insurance companies from tax credit deferrals implemented in the 2010 budget.

S8511 (ACTIVE) - Sponsor Memo

S8511 (ACTIVE) - Bill Text download pdf

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

                                  8511

                            I N  S E N A T E

                            November 19, 2010
                               ___________

Introduced  by  Sen.  C. JOHNSON  -- read twice and ordered printed, and
  when printed to be committed to the Committee on Rules

AN ACT to amend the tax law, in relation to exempting  insurance  compa-
  nies  from the temporary deferral of tax credits and to repeal certain
  provisions of such law relating thereto

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1. The opening paragraph of paragraph (a) of subdivision 3 of
section 33 of the tax law, as added by section 1 of part Y of chapter 57
of the laws of 2010, is amended to read as follows:
  This section shall apply to the credits allowed  under  the  following
provisions in article nine-a of this chapter and any applicable counter-
part  provisions  in  articles  nine,  twenty-two[,] AND thirty-two [and
thirty-three] of this chapter:
  S 2. Subparagraph 5 of paragraph (a) and subparagraph 5  of  paragraph
(b) of subdivision 3 of section 34 of the tax law, as added by section 2
of part Y of chapter 57 of the laws of 2010, are REPEALED.
  S 3. Subdivisions (y) and (z) of section 1511 of the tax law, subdivi-
sion  (y)  as  added by section 7 of part Y of chapter 57 of the laws of
2010, are REPEALED.
  S 4. This act shall take effect immediately and  shall  be  deemed  to
have been in full force and effect on and after August 11, 2010.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD18199-02-0

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