senate Bill S3773

2011-2012 Legislative Session

Relates to the imposition of tax on individuals

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate 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 (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 04, 2012 referred to investigations and government operations
Mar 03, 2011 referred to investigations and government operations

Co-Sponsors

S3773 - Details

Current Committee:
Law Section:
Tax Law
Laws Affected:
Amd ยง601, Tax L
Versions Introduced in 2009-2010 Legislative Session:
S3524

S3773 - Summary

Relates to the imposition of tax on individuals, beginning after 2012.

S3773 - Sponsor Memo

S3773 - Bill Text download pdf

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

                                  3773

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                              March 3, 2011
                               ___________

Introduced by Sens. RANZENHOFER, GOLDEN -- read twice and ordered print-
  ed,  and  when  printed  to  be committed to the Committee on Investi-
  gations and Government Operations

AN ACT to amend the tax law, in relation to the  imposition  of  tax  on
  individuals

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

  Section 1. Paragraphs 1, 2, 3, 4, 5, 6, 7, 8 and 9 of  subsection  (a)
of  section  601 of the tax law are renumbered paragraphs 2, 3, 4, 5, 6,
7, 8, 9 and 10 and a new paragraph 1 is added to read as follows:
  (1) FOR TAXABLE YEARS BEGINNING AFTER TWO THOUSAND TWELVE:

IF THE NEW YORK TAXABLE INCOME IS:    THE TAX IS:
NOT OVER $16,000                      3.6% OF THE NEW YORK TAXABLE
                                      INCOME
OVER $16,000 BUT NOT OVER $22,000     $576 PLUS 4% OF EXCESS OVER
                                      $16,000
OVER $22,000 BUT NOT OVER $26,000     $816 PLUS 4.75% OF EXCESS OVER
                                      $22,000
OVER $26,000 BUT NOT OVER $40,000     $1006 PLUS 5.3% OF EXCESS OVER
                                      $26,000
OVER $40,000 BUT NOT OVER $150,000    $1748 PLUS 6.2% OF EXCESS OVER
                                      $40,000
OVER $150,000                         $8568 PLUS 6.85% OF EXCESS OVER
                                      $150,000

  S 2. Paragraphs 1, 2, 3, 4, 5, 6, 7, 8 and  9  of  subsection  (b)  of
section  601  of the tax law are renumbered paragraphs 2, 3, 4, 5, 6, 7,
8, 9 and 10 and a new paragraph 1 is added to read as follows:
  (1) FOR TAXABLE YEARS BEGINNING AFTER TWO THOUSAND TWELVE:

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD02101-01-1

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