Assembly Bill A11245

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

                                  11245

                          I N  A S S E M B L Y

                              May 25, 2010
                               ___________

Introduced by M. of A. MOLINARO -- read once and referred to the Commit-
  tee on Ways and Means

AN  ACT  to amend the tax law and the administrative code of the city of
  New York, in relation to an addition to  federal  taxable  income  and
  federal  adjusted  gross  income;  and to repeal certain provisions of
  such laws relating thereto

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

  Section  1.  Subparagraph  19  of  paragraph  (b)  of subdivision 9 of
section 208 of the tax law is REPEALED.
  S 2. Paragraph 7 of subdivision (a) of section 292 of the tax  law  is
REPEALED.
  S  3.  Paragraph 38 of subsection (b) of section 612 of the tax law is
REPEALED.
  S 4. Subsection 4 of section 618 of the tax law, as amended by section
9 of part C of chapter C of chapter 25 of the laws of 2009,  is  amended
to read as follows:
  (4)  There  shall  be  added  or  subtracted  (as the case may be) the
modifications described in paragraphs (6), (10), (17), (18), (19), (20),
(21), (22), (23), (24), (25), (26),  (27),  (29)[,  (38)]  and  (39)  of
subsection  (b)  and  in  paragraphs (11), (13), (15), (19), (20), (21),
(22), (23), (24), (25), (26) and (28) of subsection (c) of  section  six
hundred twelve of this part.
  S  5.    Subsection  4  of  section  618 of the tax law, as separately
amended by section 5 of part HH-I of chapter 57 of the laws of 2008  and
section  9  of  part  C of chapter 25 of the laws of 2009, is amended to
read as follows:
  (4) There shall be added or  subtracted  (as  the  case  may  be)  the
modifications described in paragraphs (6), (10), (17), (18), (19), (20),
(21), (22), (23), (24), (25), (26), (27), (28), (29)[, (38)] and (39) of
subsection  (b)  and  in  paragraphs (11), (13), (15), (19), (20), (21),
(22), (23), (24), (25), (26) and (28) of subsection (c) of  section  six
hundred twelve of this part.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD16877-01-0
              

A. 11245                            2

  S 6.  Paragraph 14 of subsection (b) of section 1453 of the tax law is
REPEALED.
  S  7.  Subparagraph  (U)  of paragraph 2 of subdivision (b) of section
1503 of the tax law is REPEALED.
  S 8. Subparagraph 18 of paragraph (b)  of  subdivision  8  of  section
11-602 of the administrative code of the city of New York is REPEALED.
  S 9. Paragraph 15 of subdivision (b) of section 11-641 of the adminis-
trative code of the city of New York is  REPEALED.
  S 10. Paragraph 34 of subdivision (b) of section 11-1712 of the admin-
istrative code of the city of New York is REPEALED.
  S  11.  Subdivision 4 of section 11-1718 of the administrative code of
the city of New York, as amended by section 22 of part C of  chapter  25
of the laws of 2009, is amended to read as follows:
  (4)  There  shall  be  added  or  subtracted  (as the case may be) the
modifications described in paragraphs  six,  ten,  seventeen,  eighteen,
nineteen,  twenty,  twenty-one,  twenty-two,  twenty-three, twenty-four,
twenty-five, twenty-six, twenty-seven,  twenty-nine[,  thirty-four]  and
thirty-five  of  subdivision  (b)  and  in  paragraphs eleven, thirteen,
fifteen, nineteen, twenty, twenty-one, twenty-two,  twenty-three,  twen-
ty-four,  twenty-five, twenty-six and twenty-eight of subdivision (c) of
section 11-1712 of this subchapter.
  S 12. Subdivision 4 of section 11-1718 of the administrative  code  of
the  city  of New York, as separately amended by section 12 of part HH-I
of chapter 57 of the laws of 2008 and section 22 of part C of chapter 25
of the laws of 2009, is amended to read as follows:
  (4) There shall be added or  subtracted  (as  the  case  may  be)  the
modifications  described  in  paragraphs  six, ten, seventeen, eighteen,
nineteen, twenty,  twenty-one,  twenty-two,  twenty-three,  twenty-four,
twenty-five,  twenty-seven, twenty-eight, twenty-nine[, thirty-four] and
thirty-five of subdivision  (b)  and  in  paragraphs  eleven,  thirteen,
fifteen,  nineteen,  twenty, twenty-one, twenty-two, twenty-three, twen-
ty-four, twenty-five, twenty-six and twenty-eight of subdivision (c)  of
section 11-1712 of this subchapter.
  S  13.  This  act  shall  take effect immediately and apply to taxable
years beginning on or after January 1, 2010; provided, however, that the
amendments to subsection 4 of section 618 of the tax law made by section
four of this act shall expire  on  the  same  date  as  such  subsection
expires,  when upon such date the provisions of section five of this act
shall take effect; provided, further, that the amendments to subdivision
4 of section 11-1718 of the administrative code of the city of New  York
made by section eleven of this act shall expire on the same date as such
subdivision  expires,  when  upon  such  date  the provisions of section
twelve of this act shall take effect.