senate Bill S6471

2013-2014 Legislative Session

Authorizes a childhood education surcharge on the personal income tax for cities having a population of one million or more persons

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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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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 28, 2014 referred to investigations and government operations

S6471 - Details

See Assembly Version of this Bill:
A7535A
Current Committee:
Law Section:
Tax Law
Laws Affected:
Add ยง1304-E, Tax L

S6471 - Summary

Authorizes a childhood education surcharge on the personal income tax for cities having a population of one million or more persons.

S6471 - Sponsor Memo

S6471 - Bill Text download pdf

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

                                  6471

                            I N  S E N A T E

                            January 28, 2014
                               ___________

Introduced  by  Sen. HASSELL-THOMPSON -- read twice and ordered printed,
  and when printed to be committed to the  Committee  on  Investigations
  and Government Operations

AN  ACT  to  amend  the  tax law, in relation to authorizing a childhood
  education surcharge on the personal income tax  for  cities  having  a
  population  of  one  million  or  more  persons; and providing for the
  repeal of such provisions upon expiration thereof

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

  Section  1.  The  tax law is amended by adding a new section 1304-E to
read as follows:
  S 1304-E. TAX SURCHARGE FOR EARLY CHILDHOOD EDUCATION. (A) IN ADDITION
TO THE TAXES AUTHORIZED BY SUBSECTION (A) OF  SECTION  THIRTEEN  HUNDRED
ONE OF THIS ARTICLE, ANY CITY HAVING A POPULATION OF ONE MILLION OR MORE
PERSONS  THAT  IMPOSES  SUCH TAXES IS HEREBY AUTHORIZED AND EMPOWERED TO
ADOPT AND AMEND LOCAL LAWS IMPOSING IN ANY SUCH  CITY  FOR  ALL  TAXABLE
YEARS  BEGINNING  ON OR AFTER JANUARY FIRST, TWO THOUSAND FIFTEEN, A TAX
SURCHARGE ON THE CITY TAXABLE INCOME  OF  EVERY  CITY  RESIDENT  MARRIED
INDIVIDUALS  FILING  JOINT  RETURNS, RESIDENT MARRIED INDIVIDUALS FILING
SEPARATE RETURNS, RESIDENT SURVIVING SPOUSES, RESIDENT HEADS  OF  HOUSE-
HOLDS,  RESIDENT UNMARRIED INDIVIDUALS, AND RESIDENT ESTATES AND TRUSTS,
AT A RATE OF UP TO:
IF THE CITY TAXABLE INCOME IS:          THE TAX SURCHARGE IS:

NOT OVER $500,000                       0
OVER $500,000                           4.3 % OF CITY TAXABLE INCOME
  (B) A CITY IMPOSING A TAX SURCHARGE PURSUANT TO THE AUTHORITY OF  THIS
SECTION  MAY, BY LOCAL LAW, IMPOSE SUCH SURCHARGE AT A RATE THAT IS LESS
THAN THE PERCENTAGES SET FORTH IN SUBSECTION (A) OF  THIS  SECTION,  AND
MAY  IMPOSE  SUCH  TAX  AT  MORE THAN ONE RATE DEPENDING UPON THE FILING
STATUS AND CITY TAXABLE INCOME OF SUCH CITY RESIDENT INDIVIDUAL, ESTATE,
OR TRUST.
  (C) A TAX SURCHARGE IMPOSED PURSUANT TO THE AUTHORITY OF THIS  SECTION
SHALL BE ADMINISTERED, COLLECTED, AND DISTRIBUTED BY THE COMMISSIONER IN

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

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