Assembly Bill A2814

2009-2010 Legislative Session

Reduces the marginal personal income tax for taxable years beginning after 2005 from 6.85% to 6.5%

download bill text pdf

Sponsored By

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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2009-A2814 (ACTIVE) - Details

Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd §601, Tax L
Versions Introduced in 2011-2012 Legislative Session:
A3418

2009-A2814 (ACTIVE) - Summary

Reduces the marginal personal income tax for taxable years beginning after 2005 from 6.85% to 6.5%.

2009-A2814 (ACTIVE) - Bill Text download pdf 

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

                                  2814

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                            January 21, 2009
                               ___________

Introduced by M. of A. SCHIMMINGER, MORELLE, DelMONTE, PEOPLES, BENEDET-
  TO  --  Multi-Sponsored  by  --  M.  of  A.  ABBATE, BOYLAND, DESTITO,
  GUNTHER, KOON, REILLY, J. RIVERA, WEISENBERG -- read once and referred
  to the Committee on Ways and Means

AN ACT to amend the tax law, in relation to personal income tax rates

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

  Section  1.  Paragraph  1 of subsections (a), (b) and (c) and subpara-
graph (A) of paragraph 1 of subsection (d) of section  601  of  the  tax
law, paragraph 1 of subsections (a), (b) and (c) as amended by section 1
of  part  Y3  of  chapter 62 of the laws of 2003 and subparagraph (A) of
paragraph 1 of subsection (d) as amended by section 1 of part R of chap-
ter 63 of the laws of 2003, are amended to read as follows:
  (1) For taxable years beginning after two thousand five:

If the New York taxable income is:    The tax is:
Not over $16,000                      4% of the New York taxable
                                      income
Over $16,000 but not over $22,000     $640 plus 4.5% of excess over
                                      $16,000
Over $22,000 but not over $26,000     $910 plus 5.25% of excess over
                                      $22,000
Over $26,000 but not over $40,000     $1,120 plus 5.9% of excess over
                                      $26,000
Over $40,000                          $1,946 plus [6.85%] 6.5% of excess over
                                      $40,000

(1) For taxable years beginning after two thousand five:

If the New York taxable income is:    The tax is:
Not over $11,000                      4% of the New York taxable

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD03956-01-9

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