|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 06, 2016||referred to investigations and government operations|
|Jan 27, 2015||referred to investigations and government operations|
senate Bill S2654
Archive: Last Bill Status - In Senate Investigations And Government Operations Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S2654 - Details
- See Assembly Version of this Bill:
- Law Section:
- Tax Law
- Laws Affected:
- Add §42, amd §606, Tax L
S2654 - Sponsor Memo
BILL NUMBER:S2654 TITLE OF BILL: An act to amend the tax law, in relation to allowing a tax credit for certain travel expenses incurred by certain employees of the department of corrections and community supervision PURPOSE: To allow a tax credit for certain travel expenses incurred by Department of Corrections and Community Supervision employees created by the closure of the correctional facility where they worked and the greater distance of where they must now work at a different correctional facility. SUMMARY OF PROVISIONS: Section one amends the Tax Law by adding a new section 42. This allows eligible taxpayers employed by the New York State Department of Corrections and Community Supervision to have a tax credit against their NYS Personal Income Tax to the extent not otherwise deductible in determining federal and state adjusted gross income and not reimbursed. The tax credit may be taken for a maximum of two consecutive years beginning when the facility closed. Eligible Taxpayer, Eligible Facility, Standard Mileage Rate and Business Miles Driven are all defined.
S2654 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2654 2015-2016 Regular Sessions I N S E N A T E January 27, 2015 ___________ Introduced by Sen. MARCHIONE -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations AN ACT to amend the tax law, in relation to allowing a tax credit for certain travel expenses incurred by certain employees of the depart- ment of corrections and community supervision 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 42 to read as follows: S 42. TRAVEL CREDIT, DEPARTMENT OF CORRECTIONS AND COMMUNITY SUPER- VISION EMPLOYEES. (A) AN ELIGIBLE TAXPAYER WHO IS EMPLOYED BY THE NEW YORK STATE DEPARTMENT OF CORRECTIONS AND COMMUNITY SUPERVISION AND WHO IS SUBJECT TO TAX UNDER ARTICLE TWENTY-TWO OF THIS CHAPTER SHALL BE ALLOWED A CREDIT AGAINST SUCH TAXES IN THE AMOUNT SPECIFIED IN SUBDIVI- SION (B) OF THIS SECTION, TO THE EXTENT NOT OTHERWISE DEDUCTIBLE IN DETERMINING FEDERAL ADJUSTED GROSS INCOME OR STATE ADJUSTED GROSS INCOME AND NOT REIMBURSED. (B) THE AMOUNT OF THE CREDIT PER TAXPAYER PER TAXABLE YEAR SHALL BE DETERMINED AS FOLLOWS: THE STANDARD MILEAGE RATE FOR EACH OF THE BUSI- NESS MILES DRIVEN. (C) THE CREDIT ALLOWED UNDER THE PROVISIONS OF THIS SECTION MAY BE CLAIMED BY AN ELIGIBLE TAX PAYER FOR A MAXIMUM PERIOD OF TWO CONSECUTIVE TAX YEARS COMMENCING IN THE YEAR IN WHICH THE ELIGIBLE FACILITY CLOSED, PROVIDED THE TAXPAYER REMAINS EMPLOYED ON A FULL-TIME BASIS BY THE DEPARTMENT OF CORRECTIONS AND COMMUNITY SUPERVISION FOR ALL OR A PORTION OF EACH YEAR IN WHICH THE CREDIT IS CLAIMED. (D) A TAXPAYER MAY NOT USE THE STANDARD MILEAGE RATE FOR A VEHICLE AFTER USING ANY DEPRECIATION METHOD UNDER THE FEDERAL MODIFIED ACCELER- ATED COST RECOVERY SYSTEM (MACRS) OR AFTER CLAIMING A FEDERAL SECTION 179 DEDUCTION FOR THAT VEHICLE. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05558-01-5
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