assembly Bill A11051

Signed By Governor
2017-2018 Legislative Session

Relates to unrelated business taxable income of a taxpayer

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Sponsored By

Archive: Last Bill Status - Signed by Governor


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

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Actions

view actions (15)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Dec 07, 2018 signed chap.369
Nov 26, 2018 delivered to governor
Jun 19, 2018 returned to assembly
passed senate
3rd reading cal.1887
substituted for s8831
Jun 18, 2018 referred to rules
delivered to senate
passed assembly
referred to rules
Jun 14, 2018 ordered to third reading rules cal.238
rules report cal.238
reported
Jun 13, 2018 reported referred to rules
Jun 01, 2018 referred to ways and means

Co-Sponsors

A11051 (ACTIVE) - Details

See Senate Version of this Bill:
S8831
Law Section:
Tax Law
Laws Affected:
Amd §292, Tax L

A11051 (ACTIVE) - Summary

Establishes that any income included pursuant to section 512(a)(7) of the internal revenue code shall be subtracted from federal unrelated business taxable income.

A11051 (ACTIVE) - Bill Text download pdf


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

                                  11051

                          I N  A S S E M B L Y

                              June 1, 2018
                               ___________

Introduced  by  COMMITTEE ON RULES -- (at request of M. of A. Paulin) --
  read once and referred to the Committee on Ways and Means

AN ACT to amend the tax law, in relation to unrelated  business  taxable
  income of a taxpayer

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

  Section 1. Paragraph 4 of subdivision (a) of section 292  of  the  tax
law,  as added by chapter 547 of the laws of 1987, is amended to read as
follows:
  (4) There shall be subtracted from federal unrelated business  taxable
income  any  amount  which  is  included therein solely by reason of the
application of section 501(m)(2)(A) OR 512(A)(7) of the internal revenue
code.
  § 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.
                                                           LBD16036-01-8