senate Bill S5016A

2011-2012 Legislative Session

Includes New York exemptions of a resident individual within the cost of living adjustment and makes adjustment applicable to tax years beginning on or after 1/1/13

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Archive: Last Bill Status - In 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 (10)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
May 31, 2012 reported and committed to finance
May 04, 2012 print number 5016c
amend (t) and recommit to investigations and government operations
Jan 05, 2012 print number 5016b
amend and recommit to investigations and government operations
Jan 04, 2012 referred to investigations and government operations
Jun 07, 2011 reported and committed to finance
May 20, 2011 print number 5016a
amend and recommit to investigations and government operations
May 02, 2011 referred to investigations and government operations

Votes

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May 31, 2012 - Investigations and Government Operations committee Vote

S5016C
5
0
committee
5
Aye
0
Nay
2
Aye with Reservations
0
Absent
1
Excused
0
Abstained
show committee vote details

Committee Vote: May 31, 2012

aye wr (2)
excused (1)

Jun 7, 2011 - Investigations and Government Operations committee Vote

S5016A
7
0
committee
7
Aye
0
Nay
1
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Investigations and Government Operations committee vote details

Investigations and Government Operations Committee Vote: Jun 7, 2011

aye wr (1)

Bill Amendments

Original
A
B
C (Active)
Original
A
B
C (Active)

Co-Sponsors

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S5016 - Details

Current Committee:
Law Section:
Tax Law
Laws Affected:
Amd §§601, 614 & 616, Tax L

S5016 - Summary

Includes New York exemptions of a resident individual within the cost of living adjustment; makes such adjustment applicable to tax years beginning on or after January 1, 2013.

S5016 - Sponsor Memo

S5016 - Bill Text download pdf

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

                                  5016

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                               May 2, 2011
                               ___________

Introduced by Sens. DeFRANCISCO, SKELOS -- 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  personal
  income tax

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

  Section 1. Section 601 of the tax law  is  amended  by  adding  a  new
subsection (c-1) to read as follows:
  (C-1)  COST  OF LIVING ADJUSTMENT.  FOR TAXABLE YEARS BEGINNING ON AND
AFTER JANUARY FIRST, TWO THOUSAND TWELVE, THE MINIMUM AND MAXIMUM DOLLAR
AMOUNT  FOR  EACH  RATE  BRACKET  FOR  WHICH  A  TAX  IS  IMPOSED  UNDER
SUBSECTIONS  (A), (B) AND (C) OF THIS SECTION SHALL BE INCREASED FOR THE
COST OF LIVING ADJUSTMENT. FOR THE PURPOSES OF  THIS  SUBPARAGRAPH,  THE
COST  OF  LIVING ADJUSTMENT FOR ANY TAXABLE YEAR SHALL BE THE PERCENTAGE
(IF ANY) BY WHICH THE CPI FOR THE PRECEDING CALENDAR  YEAR  EXCEEDS  THE
CPI FOR CALENDAR YEAR TWO THOUSAND TEN.  THE CPI IS DEFINED AS THE AVER-
AGE OF THE CONSUMER PRICE INDEX FOR ALL URBAN CONSUMERS PUBLISHED BY THE
UNITED  STATES  DEPARTMENT  OF LABOR AS OF THE CLOSE OF THE TWELVE MONTH
PERIOD ENDING AUGUST THIRTY-FIRST OF SUCH CALENDAR YEAR. IF ANY INCREASE
DETERMINED UNDER THIS SUBPARAGRAPH IS NOT  A  MULTIPLE  OF  ONE  HUNDRED
DOLLARS,  SUCH INCREASE SHALL BE ROUNDED TO THE NEXT HIGHEST MULTIPLE OF
ONE HUNDRED DOLLARS.
  S 2. Subparagraph (B) of paragraph 1 of subsection (d) of section  601
of  the  tax law, as amended by section 1 of part R of chapter 63 of the
laws of 2003, is amended to read as follows:
  (B) The fraction is computed as follows: (I) FOR TAXABLE YEARS  BEGIN-
NING  ON  OR  BEFORE TWO THOUSAND ELEVEN, the numerator is the lesser of
fifty thousand dollars or the excess of New York adjusted  gross  income
for the taxable year over one hundred thousand dollars and the denomina-
tor is fifty thousand dollars.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10973-01-1

Co-Sponsors

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S5016A - Details

Current Committee:
Law Section:
Tax Law
Laws Affected:
Amd §§601, 614 & 616, Tax L

S5016A - Summary

Includes New York exemptions of a resident individual within the cost of living adjustment; makes such adjustment applicable to tax years beginning on or after January 1, 2013.

S5016A - Sponsor Memo

S5016A - Bill Text download pdf

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

                                 5016--A

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                               May 2, 2011
                               ___________

Introduced  by  Sens. DeFRANCISCO, SKELOS, LARKIN, MAZIARZ, RANZENHOFER,
  SEWARD, ZELDIN -- read twice and ordered printed, and when printed  to
  be  committed  to the Committee on Investigations and Government Oper-
  ations -- committee discharged, bill  amended,  ordered  reprinted  as
  amended and recommitted to said committee

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

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

  Section  1.  Section  601  of  the  tax law is amended by adding a new
subsection (c-1) to read as follows:
  (C-1) COST OF LIVING ADJUSTMENT.  FOR TAXABLE YEARS BEGINNING  ON  AND
AFTER JANUARY FIRST, TWO THOUSAND ELEVEN, THE MINIMUM AND MAXIMUM DOLLAR
AMOUNT  FOR  EACH  RATE  BRACKET  FOR  WHICH  A  TAX  IS  IMPOSED  UNDER
SUBSECTIONS (A), (B) AND (C) OF THIS SECTION SHALL BE INCREASED FOR  THE
COST  OF  LIVING  ADJUSTMENT. FOR THE PURPOSES OF THIS SUBPARAGRAPH, THE
COST OF LIVING ADJUSTMENT FOR ANY TAXABLE YEAR SHALL BE  THE  PERCENTAGE
(IF  ANY)  BY  WHICH THE CPI FOR THE PRECEDING CALENDAR YEAR EXCEEDS THE
CPI FOR CALENDAR YEAR TWO THOUSAND NINE.   THE CPI  IS  DEFINED  AS  THE
AVERAGE OF THE CONSUMER PRICE INDEX FOR ALL URBAN CONSUMERS PUBLISHED BY
THE  UNITED  STATES  DEPARTMENT  OF  LABOR AS OF THE CLOSE OF THE TWELVE
MONTH PERIOD ENDING AUGUST THIRTY-FIRST OF SUCH CALENDAR  YEAR.  IF  ANY
INCREASE  DETERMINED  UNDER  THIS  SUBPARAGRAPH IS NOT A MULTIPLE OF ONE
HUNDRED DOLLARS, SUCH INCREASE SHALL BE  ROUNDED  TO  THE  NEXT  HIGHEST
MULTIPLE OF ONE HUNDRED DOLLARS.
  S  2. Subparagraph (B) of paragraph 1 of subsection (d) of section 601
of the tax law, as amended by section 1 of part R of chapter 63  of  the
laws of 2003, is amended to read as follows:
  (B)  The fraction is computed as follows: (I) FOR TAXABLE YEARS BEGIN-
NING ON OR BEFORE JANUARY FIRST, TWO THOUSAND TEN, the numerator is  the
lesser  of  fifty  thousand  dollars  or the excess of New York adjusted

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10973-03-1

Co-Sponsors

view additional co-sponsors

S5016B - Details

Current Committee:
Law Section:
Tax Law
Laws Affected:
Amd §§601, 614 & 616, Tax L

S5016B - Summary

Includes New York exemptions of a resident individual within the cost of living adjustment; makes such adjustment applicable to tax years beginning on or after January 1, 2013.

S5016B - Sponsor Memo

S5016B - Bill Text download pdf

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

                                 5016--B

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                               May 2, 2011
                               ___________

Introduced  by  Sens. DeFRANCISCO, SKELOS, LARKIN, MAZIARZ, RANZENHOFER,
  SEWARD, ZELDIN -- read twice and ordered printed, and when printed  to
  be  committed  to the Committee on Investigations and Government Oper-
  ations -- committee discharged, bill  amended,  ordered  reprinted  as
  amended  and  recommitted  to  said  committee  --  recommitted to the
  Committee on Investigations and Government  Operations  in  accordance
  with  Senate  Rule  6,  sec.  8 -- committee discharged, bill amended,
  ordered reprinted as amended and recommitted to said committee

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

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

  Section 1. Section 601 of the tax law  is  amended  by  adding  a  new
subsection (c-1) to read as follows:
  (C-1)  COST  OF LIVING ADJUSTMENT.  FOR TAXABLE YEARS BEGINNING ON AND
AFTER JANUARY FIRST, TWO THOUSAND TWELVE, THE MINIMUM AND MAXIMUM DOLLAR
AMOUNT  FOR  EACH  RATE  BRACKET  FOR  WHICH  A  TAX  IS  IMPOSED  UNDER
SUBSECTIONS  (A), (B) AND (C) OF THIS SECTION SHALL BE INCREASED FOR THE
COST OF LIVING ADJUSTMENT. FOR THE PURPOSES OF THIS SUBSECTION, THE COST
OF LIVING ADJUSTMENT FOR ANY TAXABLE YEAR SHALL BE  THE  PERCENTAGE  (IF
ANY)  BY  WHICH  THE CPI FOR THE PRECEDING CALENDAR YEAR EXCEEDS THE CPI
FOR CALENDAR YEAR TWO THOUSAND TEN.  THE CPI IS DEFINED AS  THE  AVERAGE
OF  THE  CONSUMER  PRICE  INDEX FOR ALL URBAN CONSUMERS PUBLISHED BY THE
UNITED STATES DEPARTMENT OF LABOR AS OF THE CLOSE OF  THE  TWELVE  MONTH
PERIOD ENDING AUGUST THIRTY-FIRST OF SUCH CALENDAR YEAR. IF ANY INCREASE
DETERMINED  UNDER  THIS  SUBPARAGRAPH  IS  NOT A MULTIPLE OF ONE HUNDRED
DOLLARS, SUCH INCREASE SHALL BE ROUNDED TO THE NEXT HIGHEST MULTIPLE  OF
ONE HUNDRED DOLLARS.
  S  2. Subparagraph (B) of paragraph 1 of subsection (d) of section 601
of the tax law, as amended by section 1 of part R of chapter 63  of  the
laws of 2003, is amended to read as follows:
  (B)  The fraction is computed as follows: (I) FOR TAXABLE YEARS BEGIN-
NING ON OR BEFORE JANUARY FIRST, TWO THOUSAND ELEVEN, the  numerator  is
the  lesser of fifty thousand dollars or the excess of New York adjusted

Co-Sponsors

view additional co-sponsors

S5016C (ACTIVE) - Details

Current Committee:
Law Section:
Tax Law
Laws Affected:
Amd §§601, 614 & 616, Tax L

S5016C (ACTIVE) - Summary

Includes New York exemptions of a resident individual within the cost of living adjustment; makes such adjustment applicable to tax years beginning on or after January 1, 2013.

S5016C (ACTIVE) - Sponsor Memo

S5016C (ACTIVE) - Bill Text download pdf

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

                                 5016--C

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                               May 2, 2011
                               ___________

Introduced  by  Sens. DeFRANCISCO, SKELOS, LARKIN, MAZIARZ, RANZENHOFER,
  SEWARD, ZELDIN -- read twice and ordered printed, and when printed  to
  be  committed  to the Committee on Investigations and Government Oper-
  ations -- committee discharged, bill  amended,  ordered  reprinted  as
  amended  and  recommitted  to  said  committee  --  recommitted to the
  Committee on Investigations and Government  Operations  in  accordance
  with  Senate  Rule  6,  sec.  8 -- committee discharged, bill amended,
  ordered reprinted as amended and  recommitted  to  said  committee  --
  committee  discharged,  bill amended, ordered reprinted as amended and
  recommitted to said committee

AN ACT to  amend  the  tax  law,  in  relation  to  including  New  York
  exemptions  of a resident individual within the cost of living adjust-
  ment and making such adjustment applicable to tax years  beginning  on
  or after January 1, 2013

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

  Section 1. Section 601-a of the tax law, as added by section 9 of part
A of chapter 56 of the laws of 2011, is amended to read as follows:
  S 601-a. Cost of living adjustment. (a) For tax [year] YEARS BEGINNING
ON OR AFTER JANUARY FIRST, two thousand thirteen, the commissioner,  not
later  than  September  first[,  two thousand twelve,] OF EACH PRECEDING
CALENDAR YEAR, shall multiply the amounts specified in subsection (b) of
this section for tax year two thousand twelve by one plus  the  cost  of
living  adjustment described in subsection (c) of this section. [For tax
year two thousand fourteen, the commissioner, not later  than  September
first,  two  thousand  thirteen, shall multiply the amounts specified in
subsection (b) of this section for tax year two thousand thirteen by one
plus the cost of living adjustment.]
  (b) The following amounts shall be  indexed  by  the  cost  of  living
adjustment.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10973-08-2

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