senate Bill S4581

2017-2018 Legislative Session

Establishes a deduction for stock options

download bill text pdf

Sponsored By

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


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

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Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 03, 2018 referred to investigations and government operations
Feb 21, 2017 referred to investigations and government operations

S4581 (ACTIVE) - Details

Current Committee:
Senate Investigations And Government Operations
Law Section:
Tax Law
Laws Affected:
Amd §208, Tax L
Versions Introduced in Other Legislative Sessions:
2011-2012: S6885
2013-2014: S3276
2015-2016: S3431
2019-2020: S2725
2021-2022: S1476

S4581 (ACTIVE) - Summary

Establishes a deduction for stock options.

S4581 (ACTIVE) - Sponsor Memo

S4581 (ACTIVE) - Bill Text download pdf


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

                                  4581

                       2017-2018 Regular Sessions

                            I N  S E N A T E

                            February 21, 2017
                               ___________

Introduced  by Sens. KRUEGER, PERKINS -- 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 the deduction for stock
  options

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

  Section  1.  Paragraph  (b) of subdivision 9 of section 208 of the tax
law is amended by adding a new subparagraph 22 to read as follows:
  (22) IN THE CASE OF PROPERTY TRANSFERRED TO  A  PERSON  IN  CONNECTION
WITH  THE  PERFORMANCE  OF  SERVICES,  ANY  DEDUCTION  RELATING TO STOCK
OPTIONS PURSUANT TO THE INTERNAL REVENUE CODE SECTION 83(H) FOR PROPERTY
DESCRIBED IN SUBSECTION (A) OF THAT SECTION, IN EXCESS OF THE AMOUNT THE
TAXPAYER WAS ALLOWED TO TREAT AS COMPENSATION COST WITH RESPECT TO  THAT
PROPERTY  IN  THE  YEAR  THE  STOCK  OPTION  WAS GRANTED UNDER GENERALLY
ACCEPTED ACCOUNTING PRINCIPLES FOR THE PURPOSE OF  ASCERTAINING  INCOME,
PROFIT,  OR  LOSS  IN A REPORT OR STATEMENT TO SHAREHOLDERS, PARTNERS OR
OTHER PROPRIETORS (OR TO BENEFICIARIES).
  § 2. This act shall take effect immediately and shall apply to taxable
years beginning on and after January 1, 2018.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD05942-01-7

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