senate Bill S8831

Signed By Governor
2017-2018 Legislative Session

Relates to unrelated business taxable income of a taxpayer

download bill text pdf

Sponsored By

Archive: Last Bill Status Via A11051 - Signed by Governor

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

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view actions (10)
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 19, 2018 substituted by a11051
Jun 18, 2018 ordered to third reading cal.1887
committee discharged and committed to rules
May 23, 2018 referred to investigations and government operations


view additional co-sponsors

S8831 (ACTIVE) - Details

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

S8831 (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.

S8831 (ACTIVE) - Sponsor Memo

S8831 (ACTIVE) - Bill Text download pdf

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


                            I N  S E N A T E

                              May 23, 2018

Introduced  by  Sen.  RANZENHOFER -- 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 unrelated business taxable
  income of a taxpayer


  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
  (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
  § 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.


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