senate Bill S6359C

Signed By Governor
2013-2014 Legislative Session

Enacts into law major components of legislation necessary to implement the state fiscal plan for the 2014-2015 fiscal year

download bill text pdf

Archive: Last Bill Status - Signed by Governor


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed by Governor

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Actions

view actions (19)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Mar 31, 2014 signed chap.59
delivered to governor
returned to senate
passed assembly
ordered to third reading rules cal.34
substituted for a8559d
referred to ways and means
delivered to assembly
passed senate
ordered to third reading cal.376
Mar 28, 2014 print number 6359d
amend (t) and recommit to finance
Mar 14, 2014 print number 6359c
amend and recommit to finance
Feb 21, 2014 print number 6359b
amend and recommit to finance
Feb 12, 2014 print number 6359a
amend (t) and recommit to finance
Jan 21, 2014 referred to finance

Bill Amendments

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

S6359 - Details

Law Section:
Budget Bills
Laws Affected:
Amd Various Laws, generally

S6359 - Summary

Enacts into law major components of legislation necessary to implement the state fiscal plan for the 2014-2015 state fiscal year; relates to the reformation of the taxation on business corporations; allows direct payment of STAR savings; extends fees for the establishment of oil and gas unit of production value  (view more) modifies signature requirements on e-filed returns; extends the non-custodial parent earned income tax credit for two years; closes the resident trust loophole; repeals the additional minimum personal income tax; establishes an enhanced real property tax circuit breaker; modifies delivery of the family tax relief credit; extends the empire state commercial production tax credit; authorizes additional credits for the low income housing credit; establishes a twenty percent real property tax credit for manufacturers and eliminates the net income tax on upstate manufacturers; repeals the franchise tax on agriculture cooperatives; provides a refundable credit for telecommunications excise taxes on START-UP NY; enhances the youth works tax credit; extends the alternative fuels tax exemption; simplifies the distribution of motor vehicle fee receipts; relates to comprehensive estate tax reform; extends Monticello raceway video lottery terminal rates for one year; extends certain tax rates and certain simulcasting provisions; extends VLG vendors capital awards program; aligns mobility and personal income tax filings for the self-employed; relates to commercial gaming; provides a two-year property tax freeze through a refundable personal income tax credit; extends certain New York city tax exemptions; relates to a musical theatrical production credit; increases the sales tax exemption threshold amount for vending machines; increases film production credit benefits for films produced in certain counties; relates to the length of service awards; creates a third region for the prepayment of motor fuel taxes; establishes the workers with disabilities tax credit program; provides tax incentives to employers for employing individuals with developmental disabilities; allows a STAR lookback period for widows and widowers; relates to health insurance for jockeys.

S6359 - Sponsor Memo

S6359 - Bill Text download pdf

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

    S. 6359                                                  A. 8559

                      S E N A T E - A S S E M B L Y

                            January 21, 2014
                               ___________

IN  SENATE -- A BUDGET BILL, submitted by the Governor pursuant to arti-
  cle seven of the Constitution -- read twice and ordered  printed,  and
  when printed to be committed to the Committee on Finance

IN  ASSEMBLY  --  A  BUDGET  BILL, submitted by the Governor pursuant to
  article seven of the Constitution -- read once  and  referred  to  the
  Committee on Ways and Means

AN ACT to amend the tax law, the general municipal law, the urban devel-
  opment  corporation  act,  the  business  corporation law, the general
  associations law, and the administrative code of the city of New York,
  in relation to reforming taxation of  business  corporations;  and  to
  repeal various provisions of the tax law relating thereto (Part A); to
  amend  the real property tax law, in relation to the STAR registration
  program (Part B); to amend chapter 540 of the laws of  1992,  amending
  the real property tax law relating to oil and gas charges, in relation
  to  the  effective date of such chapter (Part C); to amend the racing,
  pari-mutuel wagering and  breeding  law,  in  relation  to  increasing
  racing  regulatory fees (Part D); to amend the tax law, in relation to
  modifying the signature requirement on e-filed returns prepared by tax
  professionals (Part E);  to  amend  the  real  property  tax  law,  in
  relation  to cost of living adjustments for Enhanced STAR (Part F); to
  amend part I of chapter 58 of the laws of 2006, relating to  providing
  an enhanced earned income tax credit, in relation to the effectiveness
  thereof  (Part  G);  to  amend the general obligations law and the tax
  law, in relation to authorizing electronic tax clearances for  profes-
  sional  and  business  licenses (Part H); to amend the tax law and the
  administrative code of the city of New York,  in  relation  to  taxing
  residents  who  are grantors of exempt resident trusts that qualify as
  non-grantor incomplete gift trusts on the income from such trusts  and
  taxing  residents  who  are beneficiaries of all other exempt resident
  trusts or nonresident  trusts  on  the  distributions  of  accumulated
  income  that  they receive from such trusts (Part I); to amend the tax
  law and the administrative code of the city of New York,  in  relation
  to  eliminating  the  personal  income  tax add-on minimum tax; and to
  repeal certain provisions of such laws relating thereto (Part  J);  to
  amend the tax law, in relation to adding an enhanced real property tax
  circuit  breaker;  and  to  repeal  paragraph  14 of subsection (e) of

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets