Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 06, 2016 |
referred to ways and means |
Feb 12, 2015 |
referred to ways and means |
Assembly Bill A5145
2015-2016 Legislative Session
Sponsored By
WOERNER
Archive: Last Bill Status - In Assembly 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
Actions
2015-A5145 (ACTIVE) - Details
2015-A5145 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5145 2015-2016 Regular Sessions I N A S S E M B L Y February 12, 2015 ___________ Introduced by M. of A. WOERNER -- read once and referred to the Commit- tee on Ways and Means 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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