Senate Bill S788A

2015-2016 Legislative Session

Increases income limitations and tax credits for real property tax circuit breaker credit

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Sponsored By

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


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

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Bill Amendments

co-Sponsors

2015-S788 - Details

See Assembly Version of this Bill:
A583
Current Committee:
Senate Investigations And Government Operations
Law Section:
Tax Law
Laws Affected:
Amd ยง606, Tax L
Versions Introduced in Other Legislative Sessions:
2009-2010: S3728, A7589
2011-2012: S3324, A5352
2013-2014: S2277, A2394
2017-2018: S1601, A939
2019-2020: S3157, A4449

2015-S788 - Summary

Increases to $36,000 the household gross income limitations for tax credits for real property tax circuit breaker credit; makes such tax credits available to disabled persons as well as to those persons 65 years of age.

2015-S788 - Sponsor Memo

2015-S788 - Bill Text download pdf

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

    S. 788                                                    A. 583

                       2015-2016 Regular Sessions

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

                               (PREFILED)

                             January 7, 2015
                               ___________

IN  SENATE  --  Introduced  by  Sens.  LAVALLE, LARKIN -- read twice and
  ordered printed, and when printed to be committed to the Committee  on
  Investigations and Government Operations

IN  ASSEMBLY  -- Introduced by M. of A. THIELE -- read once and referred
  to the Committee on Ways and Means

AN ACT to amend the tax law,  in  relation  to  the  real  property  tax
  circuit breaker credit

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

  Section 1. Subsection (e) of section 606 of the tax law, as amended by
chapter 28 of the laws of 1987,  subparagraph  (c)  of  paragraph  1  as
amended  by  chapter  713 of the laws of 1996, subparagraph (E) of para-
graph 1 as amended by chapter 105 of the laws of 2006, and paragraph  14
as  amended  by  chapter  23  of the laws of 1990, is amended to read as
follows:
  (e)  Real property tax circuit breaker credit.  (1)   For purposes  of
this subsection:
  (A)  "Qualified taxpayer" means a resident individual of the state who
has occupied the same residence for six months or more  of  the  taxable
year, and is required or chooses to file a return under this article.
  (B)    "Household"  or  "members  of  the household" means a qualified
taxpayer and all other persons, not necessarily related,  who  have  the
same residence and share its furnishings, facilities and accommodations.
Such  terms shall not include a tenant, subtenant, roomer or boarder who
is not related to the qualified taxpayer  in  any  degree  specified  in
paragraphs  one  through  eight of subsection (a) of section one hundred
fifty-two of the internal revenue code.   Provided, however,  no  person
may be a member of more than one household at one time.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00959-01-5
              

co-Sponsors

2015-S788A (ACTIVE) - Details

See Assembly Version of this Bill:
A583
Current Committee:
Senate Investigations And Government Operations
Law Section:
Tax Law
Laws Affected:
Amd ยง606, Tax L
Versions Introduced in Other Legislative Sessions:
2009-2010: S3728, A7589
2011-2012: S3324, A5352
2013-2014: S2277, A2394
2017-2018: S1601, A939
2019-2020: S3157, A4449

2015-S788A (ACTIVE) - Summary

Increases to $36,000 the household gross income limitations for tax credits for real property tax circuit breaker credit; makes such tax credits available to disabled persons as well as to those persons 65 years of age.

2015-S788A (ACTIVE) - Sponsor Memo

2015-S788A (ACTIVE) - Bill Text download pdf

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

    S. 788--A                                              A. 583--A

                       2015-2016 Regular Sessions

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

                               (PREFILED)

                             January 7, 2015
                               ___________

IN  SENATE  --  Introduced  by  Sens.  LAVALLE, LARKIN -- read twice and
  ordered printed, and when printed to be committed to the Committee  on
  Investigations and Government Operations -- recommitted to the Commit-
  tee  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

IN  ASSEMBLY  -- Introduced by M. of A. THIELE -- read once and referred
  to the Committee on Ways and Means -- recommitted to the Committee  on
  Ways and Means in accordance with Assembly Rule 3, sec. 2 -- committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to said committee

AN  ACT  to  amend  the  tax  law,  in relation to the real property tax
  circuit breaker credit

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

  Section 1. Subsection (e) of section 606 of the tax law, as amended by
chapter  28  of  the  laws  of  1987, subparagraph (B) of paragraph 1 as
amended by section 6 of part I of  chapter  59  of  the  laws  of  2015,
subparagraph (c) of paragraph 1 as amended by chapter 713 of the laws of
1996,  subparagraph  (E) of paragraph 1 as amended by chapter 105 of the
laws of 2006, and paragraph 14 as amended by chapter 23 of the  laws  of
1990, is amended to read as follows:
  (e)    Real property tax circuit breaker credit.  (1)  For purposes of
this subsection:
  (A) "Qualified taxpayer" means a resident individual of the state  who
has  occupied  the  same residence for six months or more of the taxable
year, and is required or chooses to file a return under this article.
  (B) "Household" or  "members  of  the  household"  means  a  qualified
taxpayer  and  all  other persons, not necessarily related, who have the

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

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