Assembly Actions - Lowercase Senate Actions - UPPERCASE |
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Jan 23, 2018 | referred to ways and means delivered to assembly passed senate ordered to third reading cal.252 committee discharged and committed to rules |
Jan 20, 2018 | print number 6974a |
Jan 20, 2018 | amend (t) and recommit to investigations and government operations |
Jan 03, 2018 | referred to investigations and government operations |
Dec 21, 2017 | referred to rules |
senate Bill S6974A
Sponsored By
Simcha Felder
(D) 22nd Senate District
Archive: Last Bill Status - Passed Senate
- Introduced
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
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Actions
Votes
Bill Amendments
Co-Sponsors
Patrick M. Gallivan
(R, C) 60th Senate District
Martin J. Golden
(R, C, IP) 0 Senate District
Chris Jacobs
(R, C, IP) 0 Senate District
Patty Ritchie
(R, C, IP) 0 Senate District
S6974 - Details
- See Assembly Version of this Bill:
- A9061
- Law Section:
- Tax Law
- Laws Affected:
- Amd §§607, 614 & 615, Tax L
S6974 - Sponsor Memo
BILL NUMBER: S6974 SPONSOR: FELDER TITLE OF BILL: An act to amend the tax law, in relation to federal income tax terms and their applicability to state tax law PURPOSE: This bill amends Tax Law section 607 to hold the New York State personal income tax law harmless for any changes made to the federal Internal Revenue Code (IRC) after December 1, 2017, which pre-dates the enactment of the federal Tax Cuts and Jobs Act. SUMMARY OF PROVISIONS: This bill amends Tax Law section 607 to ensure any references to the federal Internal Revenue Code (IRC) within the New York State personal income tax law would mean the IRC as of December 1, 2017, and any chang- es made at the federal level after that date would not affect the calcu-
S6974 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6974 2017-2018 Regular Sessions I N S E N A T E December 21, 2017 ___________ Introduced by Sen. FELDER -- read twice and ordered printed, and when printed to be committed to the Committee on Rules AN ACT to amend the tax law, in relation to federal income tax terms and their applicability to state tax law THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subsection (a) of section 607 of the tax law, as amended by chapter 28 of the laws of 1987, is amended to read as follows: (a) General. Any term used in this article shall have the same meaning as when used in a comparable context in the laws of the United States relating to federal income taxes, unless a different meaning is clearly required but such meaning shall be subject to the exceptions or modifi- cations prescribed in this article or by statute. Any reference in this article to the laws of the United States shall mean the provisions of the internal revenue code of nineteen hundred eighty-six (unless a reference to the internal revenue code of nineteen hundred fifty-four is clearly intended), and amendments thereto[, and other provisions of the laws of the United States relating to federal income taxes, as the same may be or become effective at any time or from time to time for the taxable year] MADE PRIOR TO DECEMBER 1, 2017. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD13953-02-7
Co-Sponsors
David Carlucci
(D) 0 Senate District
John A. DeFrancisco
(R, C, IP) 0 Senate District
Rich Funke
(R, C, IP) 0 Senate District
Patrick M. Gallivan
(R, C) 60th Senate District
S6974A (ACTIVE) - Details
- See Assembly Version of this Bill:
- A9061
- Law Section:
- Tax Law
- Laws Affected:
- Amd §§607, 614 & 615, Tax L
S6974A (ACTIVE) - Summary
Relates to federal income tax terms and their applicability to state tax law; relates to the New York standard deduction of certain resident individuals; authorizes a resident individual to elect to deduct his New York itemized deduction in lieu of his New York standard deduction.
S6974A (ACTIVE) - Sponsor Memo
BILL NUMBER: S6974A SPONSOR: FELDER TITLE OF BILL: An act to amend the tax law, in relation to federal income tax terms and their applicability to state tax law; in relation to the New York standard deduction of certain resident individuals; and in relation to the New York itemized deduction PURPOSE: This bill amends Tax Law section 607 to hold the New York State personal income tax law harmless for any changes made to the federal Internal Revenue Code (IRC) after December 1, 2017, which pre-dates the enactment of the federal Tax Cuts and Jobs Act. SUMMARY OF PROVISIONS: This bill amends Tax Law section 607 to ensure any references to the federal Internal Revenue Code (IRC) within the New York State personal income tax law would mean the IRC as of December 1, 2017, and any chang- es made at the federal level after that date would not affect the calcu-
S6974A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6974--A 2017-2018 Regular Sessions I N S E N A T E December 21, 2017 ___________ Introduced by Sens. FELDER, GALLIVAN, GOLDEN, JACOBS, RITCHIE -- read twice and ordered printed, and when printed to be committed to the Committee on Rules -- recommitted to the Committee 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 AN ACT to amend the tax law, in relation to federal income tax terms and their applicability to state tax law; in relation to the New York standard deduction of certain resident individuals; and in relation to the New York itemized deduction THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subsection (a) of section 607 of the tax law, as amended by chapter 28 of the laws of 1987, is amended to read as follows: (a) General. Any term used in this article shall have the same meaning as when used in a comparable context in the laws of the United States relating to federal income taxes, unless a different meaning is clearly required but such meaning shall be subject to the exceptions or modifi- cations prescribed in this article or by statute. Any reference in this article to the laws of the United States shall mean the provisions of the internal revenue code of nineteen hundred eighty-six (unless a reference to the internal revenue code of nineteen hundred fifty-four is clearly intended), and amendments thereto[, and other provisions of the laws of the United States relating to federal income taxes, as the same may be or become effective at any time or from time to time for the taxable year] MADE PRIOR TO DECEMBER 1, 2017. § 2. Subsection (a) of section 614 of the tax law, as amended by chap- ter 170 of the laws of 1994, is amended to read as follows: (a) Unmarried individual. For taxable years beginning after nineteen hundred ninety-six, the New York standard deduction of a resident indi- vidual who is not married nor the head of a household nor a surviving EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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