| Date of Action |
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|---|---|
| Jan 03, 2018 |
referred to investigations and government operations |
Senate Bill S7101
2017-2018 Legislative Session
Sponsored By
(D) 27th Senate District
Archive: Last Bill Status - In Senate Committee Investigations And Government Operations Committee
Actions
2017-S7101 (ACTIVE) - Details
2017-S7101 (ACTIVE) - Sponsor Memo
BILL NUMBER: S7101
SPONSOR: KAVANAGH
TITLE OF BILL: An act to amend the tax law, in relation to the
requirement to file a personal income tax return
PURPOSE:
To set minimum personal income tax filing levels at the level of the
federal adjusted gross income for the taxable year plus state addition
modifications in excess of the New York standard deduction, rather than
the arbitrary $4,000 which is currently in statute. This effectively
means that most persons with no State personal income tax liability or
refundable credits will not have to file state tax returns
SUMMARY OF PROVISIONS:
Amends section 651 of the Tax Law to replace the statutory $4,000 filing
minimum with a minimum equal to the federal adjusted gross income for
the taxable year plus state addition modifications in excess of the New
York standard deduction.
2017-S7101 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
7101
I N S E N A T E
(PREFILED)
January 3, 2018
___________
Introduced by Sen. KAVANAGH -- 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 the requirement to file a
personal income tax return
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Paragraph 1 of subsection (a) of section 651 of the tax
law, as amended by section 6 of part J of chapter 59 of the laws of
2014, is amended to read as follows:
(1) every resident individual (A) [required to file a federal income
tax return for the taxable year, or (B)] having federal adjusted gross
income for the taxable year, increased by the modifications under
subsection (b) of section six hundred twelve OF THIS ARTICLE, in excess
of [four thousand dollars, or in excess of] his OR HER New York standard
deduction, [if lower,] or [(C)] (B) having received during the taxable
year a lump sum distribution any portion of which is subject to tax
under section six hundred three OF THIS ARTICLE;
§ 2. This act shall take effect immediately and shall apply to all
taxable years beginning on or after the date on which this act shall
have become a law.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD02367-01-7
Comments
Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.
Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.
Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.