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Senate Bill S6011

2013-2014 Legislative Session

Authorizes the increase of tax on city taxable income to fund universal pre-kindergarten and after-school programs

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Archive: Last Bill Status - In Senate Committee Investigations And Government Operations Committee

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2013-S6011 (ACTIVE) - Details

Current Committee:
Senate Investigations And Government Operations
Law Section:
Taxation

2013-S6011 (ACTIVE) - Summary

Authorizes the increase of tax by .75 percent on city taxable income greater than $500,000 to fund universal pre-kindergarten and after-school programs.

2013-S6011 (ACTIVE) - Sponsor Memo

2013-S6011 (ACTIVE) - Bill Text download pdf 

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

                                  6011

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            December 16, 2013
                               ___________

Introduced by Sen. ESPAILLAT -- read twice and ordered printed, and when
  printed to be committed to the Committee on Rules

AN  ACT  authorizing  the increase of tax on city taxable income to fund
  universal pre-kindergarten and after-school programs

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

  Section  1.  A  city  with  a population of one million or more may by
local law increase the tax on the city  taxable  income  of  every  city
resident  individual,  estate  and  trust  by .75 percent where the city
taxable income is over $500,000.
  S 2. The increase in tax authorized by section one of this  act  shall
be used to fund universal pre-kindergarten and after-school programs for
students of such city.
  S 3. This act shall take effect immediately.






 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD13242-01-3

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