|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 04, 2012||referred to investigations and government operations|
|Feb 14, 2011||referred to investigations and government operations|
senate Bill S3248
Archive: Last Bill Status - In Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S3248 - Details
S3248 - Summary
Permits the limited filing of amended personal income tax returns in certain cases after the time period permitted by law has lapsed.
S3248 - Sponsor Memo
BILL NUMBER:S3248 TITLE OF BILL: An act to amend the tax law, in relation to filing of amended personal income tax returns PURPOSE: This bill equates the rights and responsibilities of a New York taxpayer, who is also a taxpayer in another state, when the other state makes changes or corrections in income tax returns filed with that state, to the rights and responsibilities of a New York taxpayer when the Internal Revenue Service makes changes or corrections in a federal income tax return. SUMMARY OF PROVISIONS: Section one states Legislative findings that the complexity of income tax laws, particularly affecting income earned in one state by a taxpayer residing in another state, has contributed to unfair situations. The Legislature determines to remedy this problem by treating changes to a New York taxpayer's obligations to another state in the same fashion as changes made to federal obligations. Section two amends section 659 of the Tax Law to provide that the
S3248 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ S. 3248 A. 5196 2011-2012 Regular Sessions S E N A T E - A S S E M B L Y February 14, 2011 ___________ IN SENATE -- Introduced by Sen. FARLEY -- read twice and ordered print- ed, and when printed to be committed to the Committee on Investi- gations and Government Operations IN ASSEMBLY -- Introduced by M. of A. AMEDORE, TOBACCO, McDONOUGH -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to filing of amended personal income tax returns THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Legislative findings. The legislature finds that the increasing complexity of income tax laws, particularly those affecting income earned in one state by a taxpayer residing in another state, has contributed to unfair and inequitable situations. Although a New York taxpayer may offset taxes paid to another state against his or her state income tax liability, delays in assessment and notification by the other state may cause filing of an amended return to be barred by the statute of limitations. As a result, the New York taxpayer is forced to pay the same tax obligation twice, once to New York and again to the other state. In an effort to provide an equitable remedy for affected taxpay- ers, the legislature determines to treat changes to a taxpayer's obli- gations to another state in the same fashion as changes made to a taxpayer's federal obligations. S 2. Section 659 of the tax law, as amended by chapter 577 of the laws of 1997, is amended to read as follows: S 659. Report of [federal] changes, corrections or disallowances. (A) If the amount of a taxpayer's federal taxable income, federal items of tax preference, total taxable amount or ordinary income portion of a lump sum distribution or includible gain of a trust reported on his OR HER federal income tax return for any taxable year, or the amount of a taxpayer's earned income credit or credit for employment-related EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD07745-01-1
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