NY State Senate Bill 2017-S5573A

Senate Bill S5573A

2017-2018 Legislative Session

Requires the disclosure of state income tax returns by the department of taxation and finance for the president and vice president of the United States

download bill text pdf

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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Actions

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	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Apr 27, 2017	print number 5573a
Apr 27, 2017	amend (t) and recommit to investigations and government operations
Apr 17, 2017	referred to investigations and government operations

Bill Amendments

Original

A (Active)

co-Sponsors

2017-S5573 - Details

Current Committee:: Senate Investigations And Government Operations
Law Section:: Tax Law
Laws Affected:: Amd §697, Tax L

2017-S5573 - Summary

Requires the disclosure of state income tax returns by the department of taxation and finance for the president and vice-president of the United States.

2017-S5573 - Sponsor Memo

2017-S5573 - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5573
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                              April 17, 2017
                                ___________
 
 Introduced by Sens. SQUADRON, HOYLMAN -- 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 requiring the disclosure  of
   state  income  tax  returns by the president and vice president of the
   United States

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Section  697  of  the  tax law is amended by adding a new
 subsection (p) to read as follows:
   (P) DISCLOSURE OF CERTAIN ELECTED OFFICIALS' INCOME TAX  RETURNS.--(1)
 NOTWITHSTANDING  THE  PROVISIONS  OF SUBSECTION (E) OF THIS SECTION, THE
 DEPARTMENT SHALL POST ON ITS WEBSITE ALL INCOME TAX RETURNS FILED PURSU-
 ANT TO THIS ARTICLE BY THE PRESIDENT OF THE UNITED STATES AND  THE  VICE
 PRESIDENT  OF THE UNITED STATES. SUCH INCOME TAX RETURNS SHALL BE POSTED
 ON THE DEPARTMENT'S WEBSITE NO LATER THAN THIRTY DAYS AFTER  THE  EFFEC-
 TIVE  DATE OF THIS SUBSECTION OR THIRTY DAYS AFTER SUCH ELECTED OFFICIAL
 HAS TAKEN AN OATH OF OFFICE, WHICHEVER IS LATER.
   (2) THE DEPARTMENT SHALL POST ON ITS WEBSITE  ALL  SUBSEQUENTLY  FILED
 INCOME  TAX  RETURNS  FOR  EVERY  YEAR  THE PRESIDENT AND VICE PRESIDENT
 REMAIN IN OFFICE NO LATER THAN THIRTY DAYS  AFTER  THE  FILING  OF  SUCH
 RETURN.
   (3)  INCOME  TAX  RETURNS ON THE DEPARTMENT'S WEBSITE PURSUANT TO THIS
 SUBSECTION SHALL REMAIN AVAILABLE TO THE PUBLIC UNTIL SUCH PRESIDENT AND
 VICE PRESIDENT LEAVE OFFICE.
   (4) THE COMMISSIONER IS AUTHORIZED AND DIRECTED  TO  ESTABLISH  PROCE-
 DURES  FOR  REDACTING  PERSONAL IDENTIFYING INFORMATION FROM SUCH INCOME
 TAX RETURNS BEFORE POSTING THEM TO THE DEPARTMENT'S WEBSITE.
   § 2. This act shall take effect immediately.

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD11060-04-7

co-Sponsors

2017-S5573A (ACTIVE) - Details

Current Committee:: Senate Investigations And Government Operations
Law Section:: Tax Law
Laws Affected:: Amd §697, Tax L

2017-S5573A (ACTIVE) - Summary

Requires the disclosure of state income tax returns by the department of taxation and finance for the president and vice-president of the United States.

2017-S5573A (ACTIVE) - Sponsor Memo

                                 BILL NUMBER:  S5573A

 TITLE OF BILL :

An act to amend the tax law, in relation to requiring the disclosure
of tax returns of the president and vice president of the United
States

 PURPOSE :

To require the Department of Taxation and Finance to publicly disclose
the New York State tax returns of the President and Vice President of
the United States.

 SUMMARY OF SPECIFIC PROVISIONS :

Section one of the bill adds a new subsection (p) to section 697 of
the tax law to require the New York State Department of Taxation &
Finance to post on its website certain New York State income tax
returns the Department has on file for the President and Vice
President of the United States.

The immediately preceding five years' worth of such tax returns must
be posted to the Department's website within 30 days of the effective
date, and within 30 days of the president and vice president taking
his or her oath of office for future presidents and vice presidents.

Copies of the prior tax returns shall be accompanied by a statement
provided by the Department detailing specified information from the
returns.

The Department would also be required to post any state income tax
returns filed subsequent to the effective date of this bill by the
president and vice president. All prospectively filed state income tax
returns shall be posted by May 15th following the close of the taxable
year, or 30 days after the returns are actually filed with the
Department if the president or vice president is granted an extension
pursuant to section 657 of the tax law. Copies of the prior tax
returns shall be accompanied by a statement provided by the Department
detailing specified information from the returns.

The statements and returns required to be posted by this bill would
remain on the Department's website until the president and vice
president leave office. The Commissioner is directed to redact certain
information from all returns before posting them on the Department's
website, and is authorized to redact any additional information that
he or she determines would violate federal law if disclosed. If the
Commissioner redacts such information, he or she would be required to
post on the Department's website a description of the type of
information that was redacted from the return and a detailed
explanation of the Commissioner's determination that disclosure of
such information would constitute a violation of federal law.

Section two of the bill established the effective date.

 JUSTIFICATION :

Disclosure of a president's and vice president's New York State income
tax returns will increase transparency into their financial interests
by showing their "salary, dividends, capital gains, rental real estate
income and other income from all sources," according to an April 2017
article in the Washington Post. This bill will ensure that all those
who occupy America's highest office keep with the long history of
presidents releasing their returns.

 PRIOR LEGISLATIVE HISTORY :

New Bill

 FISCAL IMPLICATIONS :

Minimal

 EFFECTIVE DATE :
This act shall take effect immediately.

2017-S5573A (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  5573--A
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                              April 17, 2017
                                ___________
 
 Introduced by Sens. SQUADRON, HOYLMAN -- read twice and ordered printed,
   and  when  printed  to be committed to the Committee on Investigations
   and Government  Operations  --  committee  discharged,  bill  amended,
   ordered reprinted as amended and recommitted to said committee
 
 AN  ACT to amend the tax law, in relation to requiring the disclosure of
   tax returns of the president and vice president of the United States
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Section  697  of  the  tax law is amended by adding a new
 subsection (p) to read as follows:
   (P) DISCLOSURE OF CERTAIN ELECTED OFFICIALS'  TAX  INFORMATION.    (1)
 NOTWITHSTANDING  THE  PROVISIONS  OF SUBSECTION (E) OF THIS SECTION, THE
 COMMISSIONER SHALL POST ON THE DEPARTMENT'S WEBSITE:
   (A) A STATEMENT DISCLOSING WHETHER THE PRESIDENT OF THE UNITED  STATES
 OR  THE  VICE  PRESIDENT  OF  THE UNITED STATES HAS FILED NEW YORK STATE
 INCOME TAX RETURNS PURSUANT TO THIS ARTICLE IN ANY  OF  THE  IMMEDIATELY
 PRECEDING  FIVE  TAXABLE  YEARS.  WITH  RESPECT TO EACH SUCH RETURN, THE
 COMMISSIONER SHALL INCLUDE IN SUCH STATEMENT THE  FOLLOWING  INFORMATION
 AS  REPORTED ON THE RETURN: (I) NEW YORK ADJUSTED GROSS INCOME, (II) ANY
 STANDARD DEDUCTION OR ITEMIZED DEDUCTIONS CLAIMED ON THE  RETURN,  (III)
 TAXABLE  INCOME, (IV) TOTAL NEW YORK STATE TAXES DUE, (V) TOTAL NEW YORK
 CITY AND YONKERS TAXES, SURCHARGES AND METROPOLITAN COMMUTER TRANSPORTA-
 TION MOBILITY TAXES DUE, (VI) SALES OR USE TAXES, (VII) ANY PAYMENTS AND
 REFUNDABLE CREDITS, (VIII) TOTAL NEW YORK STATE, NEW YORK CITY AND YONK-
 ERS TAXES WITHHELD, (IX) TOTAL ESTIMATED TAX PAYMENTS, (X)  WHETHER  THE
 TAXPAYER CLAIMED A REFUND WITH SUCH RETURN, AND IF SO THE AMOUNT OF SUCH
 REFUND,  (XI)  WHETHER  THE TAXPAYER REPORTED ANY AMOUNT OWED, AND IF SO
 THE AMOUNT OWED, (XII) ANY ESTIMATED TAX PENALTY, AND (XIII)  ANY  OTHER
 PENALTIES AND INTEREST.
   (B)  COPIES  OF  ALL  NEW  YORK  STATE INCOME TAX RETURNS FILED TO THE
 DEPARTMENT PURSUANT TO THIS ARTICLE  BY  THE  PRESIDENT  OF  THE  UNITED
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

                                                            LBD11060-05-7

 S. 5573--A                          2
 
 STATES  OR  THE VICE PRESIDENT OF THE UNITED STATES WITH RESPECT TO EACH
 OF THE IMMEDIATELY PRECEDING FIVE TAXABLE YEARS, PROVIDED  HOWEVER  THAT
 THE  FOLLOWING  INFORMATION SHALL BE REDACTED PRIOR TO SUCH COPIES BEING
 POSTED  ON  THE DEPARTMENT'S WEBSITE: (I) THE TAXPAYER'S SOCIAL SECURITY
 NUMBER, (II) THE SOCIAL SECURITY NUMBER OF THE TAXPAYER'S SPOUSE AND ANY
 INDIVIDUALS CLAIMED AS DEPENDENTS  ON  THE  RETURN,  (III)  ANY  ACCOUNT
 NUMBER  REPORTED  ON  THE  RETURN,  (IV)  ANY  TAXPAYER ADDRESSES ON THE
 RETURN, AND (V) ANY ADDITIONAL INFORMATION IF  THE  COMMISSIONER  DETER-
 MINES THAT THE DISCLOSURE OF SUCH INFORMATION WILL VIOLATE FEDERAL LAW.
   (C)  THE  COMMISSIONER  SHALL MAKE THE FIRST SUCH POSTINGS REQUIRED BY
 THIS PARAGRAPH NO LATER THAN THIRTY DAYS AFTER  THE  EFFECTIVE  DATE  OF
 THIS SUBSECTION, AND SUBSEQUENT POSTINGS NO LATER THAN THIRTY DAYS AFTER
 THE  PRESIDENT  OF THE UNITED STATES OR THE VICE PRESIDENT OF THE UNITED
 STATES TAKES HIS OR HER OATH OF OFFICE.
   (D) STATEMENTS AND INCOME  TAX  RETURNS  POSTED  ON  THE  DEPARTMENT'S
 WEBSITE  PURSUANT  TO  THIS  PARAGRAPH  SHALL  REMAIN  POSTED UNTIL SUCH
 ELECTED OFFICIAL LEAVES OFFICE.
   (2) NOTWITHSTANDING THE PROVISIONS OF SUBSECTION (E) OF THIS  SECTION,
 THE COMMISSIONER SHALL, ON AN ANNUAL BASIS AS HEREINAFTER PROVIDED, POST
 ON THE DEPARTMENT'S WEBSITE:
   (A)  A STATEMENT DISCLOSING WHETHER THE PRESIDENT OF THE UNITED STATES
 OR THE VICE PRESIDENT OF THE UNITED STATES  HAS  FILED  NEW  YORK  STATE
 INCOME  TAX  RETURNS  PURSUANT TO THIS ARTICLE ON OR AFTER THE EFFECTIVE
 DATE OF THIS SUBSECTION. WITH RESPECT TO EACH SUCH RETURN,  THE  COMMIS-
 SIONER  SHALL  INCLUDE  IN  SUCH  STATEMENT THE FOLLOWING INFORMATION AS
 REPORTED ON THE RETURN: (I) NEW YORK ADJUSTED  GROSS  INCOME,  (II)  ANY
 STANDARD  DEDUCTION  OR ITEMIZED DEDUCTIONS CLAIMED ON THE RETURN, (III)
 TAXABLE INCOME, (IV) TOTAL NEW YORK STATE TAXES DUE, (V) TOTAL NEW  YORK
 CITY AND YONKERS TAXES, SURCHARGES AND METROPOLITAN COMMUTER TRANSPORTA-
 TION MOBILITY TAXES DUE, (VI) SALES OR USE TAXES, (VII) ANY PAYMENTS AND
 REFUNDABLE CREDITS, (VIII) TOTAL NEW YORK STATE, NEW YORK CITY AND YONK-
 ERS  TAXES  WITHHELD, (IX) TOTAL ESTIMATED TAX PAYMENTS, (X) WHETHER THE
 TAXPAYER CLAIMED A REFUND WITH SUCH RETURN, AND IF SO THE AMOUNT OF SUCH
 REFUND, (XI) WHETHER THE TAXPAYER REPORTED ANY AMOUNT OWED,  AND  IF  SO
 THE  AMOUNT  OWED, (XII) ANY ESTIMATED TAX PENALTY, AND (XIII) ANY OTHER
 PENALTIES AND INTEREST.
   (B) COPIES OF ALL NEW YORK STATE  INCOME  TAX  RETURNS  FILED  TO  THE
 DEPARTMENT  PURSUANT  TO  THIS ARTICLE ON OR AFTER THE EFFECTIVE DATE OF
 THIS SUBSECTION, BY THE PRESIDENT OF THE UNITED STATES OR THE VICE PRES-
 IDENT OF THE UNITED STATES, PROVIDED HOWEVER THAT THE FOLLOWING INFORMA-
 TION SHALL BE REDACTED PRIOR TO SUCH COPIES BEING POSTED ON THE  DEPART-
 MENT'S  WEBSITE:  (I)  THE  TAXPAYER'S  SOCIAL SECURITY NUMBER, (II) THE
 SOCIAL SECURITY NUMBER OF THE  TAXPAYER'S  SPOUSE  AND  ANY  INDIVIDUALS
 CLAIMED  AS DEPENDENTS ON THE RETURNS, (III) ANY ACCOUNT NUMBER REPORTED
 ON THE RETURNS, (IV) ANY TAXPAYER ADDRESSES ON THE RETURNS, AND (V)  ANY
 ADDITIONAL  INFORMATION  IF THE COMMISSIONER DETERMINES THAT THE DISCLO-
 SURE OF SUCH INFORMATION WILL VIOLATE FEDERAL LAW.
   (C) THE COMMISSIONER SHALL MAKE THE POSTINGS REQUIRED  BY  THIS  PARA-
 GRAPH  NO  LATER THAN THE FIFTEENTH DAY OF THE FIFTH MONTH FOLLOWING THE
 CLOSE OF THE TAXABLE YEAR, PROVIDED HOWEVER THAT IF THE PRESIDENT OF THE
 UNITED STATES OR THE VICE PRESIDENT OF THE UNITED STATES HAS OBTAINED AN
 EXTENSION FOR FILING A RETURN PURSUANT TO SECTION SIX HUNDRED FIFTY-SEV-
 EN OF THIS ARTICLE, SUCH POSTINGS SHALL OCCUR NO LATER THAN THIRTY  DAYS
 AFTER THE RETURN IS FILED WITH THE DEPARTMENT.

 S. 5573--A                          3
 
   (D) STATEMENTS AND RETURNS POSTED ON THE DEPARTMENT'S WEBSITE PURSUANT
 TO THIS PARAGRAPH SHALL REMAIN POSTED UNTIL SUCH ELECTED OFFICIAL LEAVES
 OFFICE.
   (3)  IF  THE COMMISSIONER REDACTS ANY INFORMATION FROM A RETURN POSTED
 PURSUANT TO THIS SUBSECTION BASED ON A DETERMINATION THAT DISCLOSURE  OF
 SUCH  INFORMATION  WOULD VIOLATE FEDERAL LAW, THE COMMISSIONER SHALL, AT
 THE TIME OF POSTING SUCH  REDACTED  RETURN,  POST  ON  THE  DEPARTMENT'S
 WEBSITE  A DESCRIPTION OF THE TYPE OF INFORMATION THAT WAS REDACTED FROM
 THE RETURN AND A DETAILED EXPLANATION  OF  THE  COMMISSIONER'S  DETERMI-
 NATION  THAT DISCLOSURE OF SUCH INFORMATION WOULD CONSTITUTE A VIOLATION
 OF FEDERAL LAW.
   (4) IF ANY CLAUSE, SENTENCE, PARAGRAPH  OR  PART  OF  THIS  SUBSECTION
 SHALL  BE ADJUDGED BY ANY COURT OF COMPETENT JURISDICTION TO BE INVALID,
 THE JUDGMENT SHALL NOT AFFECT, IMPAIR OR INVALIDATE THE REMAINDER THERE-
 OF, BUT SHALL BE CONFINED IN ITS  OPERATION  TO  THE  CLAUSE,  SENTENCE,
 PARAGRAPH OR PART OF THIS SUBSECTION DIRECTLY INVOLVED IN THE CONTROVER-
 SY IN WHICH THE JUDGMENT SHALL HAVE BEEN RENDERED.
   § 2. This act shall take effect immediately.

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Senate Bill S5573A

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Sponsored By

Daniel L. Squadron

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

Bill Amendments

co-Sponsors

Brad Hoylman-Sigal

2017-S5573 - Details

2017-S5573 - Summary

2017-S5573 - Sponsor Memo

2017-S5573 - Bill Text download pdf

co-Sponsors

Brad Hoylman-Sigal

David Carlucci

2017-S5573A (ACTIVE) - Details

2017-S5573A (ACTIVE) - Summary

2017-S5573A (ACTIVE) - Sponsor Memo

2017-S5573A (ACTIVE) - Bill Text download pdf

Comments