assembly Bill A10519

Signed By Governor
2019-2020 Legislative Session

Relates to certain amendments made to the internal revenue code with respect to taxable years beginning before January 1, 2021

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Sponsored By

Current Bill Status Via S8411 - 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 (11)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 17, 2020 signed chap.121
Jun 05, 2020 delivered to governor
May 27, 2020 returned to senate
passed assembly
ordered to third reading rules cal.52
substituted for a10519
May 27, 2020 substituted by s8411
rules report cal.52
reported
reported referred to rules
May 24, 2020 referred to ways and means

Votes

view votes

May 26, 2020 - Finance committee Vote

S8411
14
7
committee
14
Aye
7
Nay
2
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show committee vote details

May 24, 2020 - Rules committee Vote

S8411
12
6
committee
12
Aye
6
Nay
1
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show committee vote details

Co-Sponsors

A10519 (ACTIVE) - Details

See Senate Version of this Bill:
S8411
Law Section:
New York City Administrative Code
Laws Affected:
Amd §§11-506, 11-507, 11-602, 11-641 & 11-652, NYC Ad Cd

A10519 (ACTIVE) - Summary

Disallows, for purposes of the unincorporated business corporation tax, the general corporation tax, the city banking tax, and the city business corporation tax, certain amendments, with respect to taxable years beginning before January 1, 2021, made to the internal revenue code by sections 2303, 2304 and 2306 of public law 116-136.

A10519 (ACTIVE) - Bill Text download pdf


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

                                  10519

                          I N  A S S E M B L Y

                              May 24, 2020
                               ___________

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

AN ACT to amend the administrative code of the  city  of  New  York,  in
  relation  to  disallowing, for purposes of the unincorporated business
  corporation tax, the general corporation tax, the  city  banking  tax,
  and  the  city  business  corporation  tax,  certain  amendments, with
  respect to taxable years beginning before January 1, 2021, made to the
  internal revenue code by sections 2303, 2304 and 2306  of  public  law
  116-136

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

  Section 1. Paragraph 17 of subdivision (b) of section  11-506  of  the
administrative  code  of  the city of New York, as added by section 5 of
part WWW of chapter 58 of the laws  of  2020,  is  amended  to  read  as
follows:
  (17)  For  taxable  years  beginning  in two thousand nineteen and two
thousand twenty, the amount of the  increase  in  the  federal  interest
deduction allowed pursuant to section 163(j)(10)[(A)(i)] of the internal
revenue code.
  §  2.  Subdivision (b) of section 11-506 of the administrative code of
the city of New York is amended by adding a new paragraph 18 to read  as
follows:
  (18)  NOTWITHSTANDING  ANY  OTHER  PROVISION  OF  THIS  CHAPTER TO THE
CONTRARY, FOR TAXABLE YEARS BEGINNING BEFORE JANUARY FIRST, TWO THOUSAND
TWENTY-ONE, THE AMOUNT OF INCREASE  IN  THE  FEDERAL  DEDUCTION  ALLOWED
PURSUANT TO ANY AMENDMENT TO SECTION 461(L) OF THE INTERNAL REVENUE CODE
MADE AFTER MARCH FIRST, TWO THOUSAND TWENTY.
  § 3. Subdivision 2 of section 11-507 of the administrative code of the
city  of  New  York  is amended by adding a new paragraph (c) to read as
follows:
  (C) NOTWITHSTANDING ANY OTHER PROVISION OF THIS CHAPTER TO THE CONTRA-
RY, FOR TAXABLE YEARS BEGINNING BEFORE JANUARY FIRST, TWO THOUSAND TWEN-
TY-ONE, ANY AMENDMENT TO SECTION ONE HUNDRED SEVENTY-TWO OF THE INTERNAL

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