senate Bill S6878

2019-2020 Legislative Session

Relates to state reimbursements for interest on federal tax liability resulting from real property tax law changes enacted in 2018

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Finance Committee


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

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Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2020 referred to finance
Nov 27, 2019 referred to rules

S6878 (ACTIVE) - Details

See Assembly Version of this Bill:
A115
Current Committee:
Senate Finance
Law Section:
Taxation
Laws Affected:
Amd part EEE §1, Chap 59 of 2018
Versions Introduced in 2017-2018 Legislative Session:
A10543

S6878 (ACTIVE) - Summary

Relates to state reimbursements for interest on federal tax liability resulting from real property tax law changes enacted in 2018.

S6878 (ACTIVE) - Sponsor Memo

S6878 (ACTIVE) - Bill Text download pdf


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

                                  6878

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                            November 27, 2019
                               ___________

Introduced  by Sen. GAUGHRAN -- read twice and ordered printed, and when
  printed to be committed to the Committee on Rules

AN ACT to amend part EEE of chapter 59 of the laws of 2018, relating  to
  an  online  application  system  for  taxpayers  to  submit claims for
  reimbursements of certain payments, in relation  to  state  reimburse-
  ments  for interest on federal tax liability resulting from real prop-
  erty tax law changes enacted in 2018

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

  Section  1.  Section  1 of part EEE of chapter 59 of the laws of 2018,
relating to an online application system for taxpayers to submit  claims
for reimbursements of certain payments, is amended to read as follows:
  Section  1.  The  tax department shall be required to set up an online
application system for taxpayers to submit claims for reimbursements  of
payments  of interest on fixed and final determinations of underpayments
of federal tax liability for the 2018, 2019, 2020 and 2021 tax year that
arise from the taxpayers' reliance on amendments to the tax law OR  REAL
PROPERTY  TAX  LAW  enacted  in  the year 2018. In order to receive such
reimbursement, taxpayers shall be required to submit their reimbursement
claims to the department of taxation  and  finance  within  60  days  of
making their payments of interest to the internal revenue service.
  §  2.  This  act shall take effect immediately, and shall be deemed to
have been in full force and effect on and after April 1, 2018.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD01055-01-9

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