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

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2017-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
2023-2024: S3562

2017-S4581 (ACTIVE) - Summary

Establishes a deduction for stock options.

2017-S4581 (ACTIVE) - Sponsor Memo

2017-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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