assembly Bill A636B

2019-2020 Legislative Session

Relates to pass-through manufacturers zero percent tax rate

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly 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 (6)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2020 referred to ways and means
Dec 30, 2019 print number 636b
Dec 30, 2019 amend and recommit to ways and means
Apr 08, 2019 print number 636a
Apr 08, 2019 amend (t) and recommit to ways and means
Jan 09, 2019 referred to ways and means

Co-Sponsors

A636 - Details

See Senate Version of this Bill:
S4671
Law Section:
Tax Law
Laws Affected:
Amd §§612, 606 & 210-B, Tax L
Versions Introduced in Other Legislative Sessions:
2017-2018: A10121
2021-2022: A3734, S27

A636 - Summary

Relates to pass-through manufacturers zero percent tax rate.

A636 - Bill Text download pdf


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

                                   636

                       2019-2020 Regular Sessions

                          I N  A S S E M B L Y

                               (PREFILED)

                             January 9, 2019
                               ___________

Introduced  by  M. of A. STIRPE, PALMESANO, SCHIMMINGER, WOERNER -- read
  once and referred to the Committee on Ways and Means

AN ACT to amend the tax law, in relation to tax  credits  for  qualified
  pass-through manufacturers

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

  Section 1. Subsection (b) of section 612 of the tax law is amended  by
adding a new paragraph 43 to read as follows:
  (43)  ANY  INCOME,  GAIN,  LOSS  AND  DEDUCTION,  TO  THE EXTENT IT IS
INCLUDED IN FEDERAL ADJUSTED GROSS INCOME AND IS,  COMBINED,  LESS  THAN
ZERO,  OF  AN INDIVIDUAL OR TRUST FROM A QUALIFIED PASS-THROUGH MANUFAC-
TURER, AS DEFINED IN PARAGRAPH FORTY-FOUR  OF  SUBSECTION  (C)  OF  THIS
SECTION.
  §  2. Paragraph 39 of subsection (c) of section 612 of the tax law, as
added by section 1 of part Y of chapter 59  of  the  laws  of  2013,  is
amended and a new paragraph 44 is added to read as follows:
  (39)  In  the case of a taxpayer who is a small business who has busi-
ness income and/or farm income as defined in  the  laws  of  the  United
States,  an  amount  equal  to three percent of the net items of income,
gain, loss and deduction attributable to such business or farm  entering
into  federal adjusted gross income, but not less than zero, for taxable
years beginning after two thousand thirteen, an amount  equal  to  three
and  three-quarters  percent  of the net items of income, gain, loss and
deduction attributable to such business or farm  entering  into  federal
adjusted  gross income, but not less than zero, for taxable years begin-
ning after two thousand fourteen, and an amount equal to five percent of
the net items of income, gain, loss and deduction attributable  to  such
business  or  farm  entering into federal adjusted gross income, but not
less than zero, for taxable years beginning after two thousand  fifteen.
For the purposes of this paragraph, the term small business shall mean a

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

Co-Sponsors

Multi-Sponsors

A636A - Details

See Senate Version of this Bill:
S4671
Law Section:
Tax Law
Laws Affected:
Amd §§612, 606 & 210-B, Tax L
Versions Introduced in Other Legislative Sessions:
2017-2018: A10121
2021-2022: A3734, S27

A636A - Summary

Relates to pass-through manufacturers zero percent tax rate.

A636A - Bill Text download pdf


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

                                 636--A

                       2019-2020 Regular Sessions

                          I N  A S S E M B L Y

                               (PREFILED)

                             January 9, 2019
                               ___________

Introduced by M. of A. STIRPE, PALMESANO, SCHIMMINGER, WOERNER, McDONALD
  --  read  once  and  referred  to  the  Committee on Ways and Means --
  committee discharged, bill amended, ordered reprinted as  amended  and
  recommitted to said committee

AN  ACT  to amend the tax law, in relation to pass-through manufacturers
  zero percent tax rate

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

  Section  1. Subsection (b) of section 612 of the tax law is amended by
adding a new paragraph 42 to read as follows:
  (42) ANY INCOME, GAIN,  LOSS  AND  DEDUCTION,  TO  THE  EXTENT  IT  IS
INCLUDED  IN  FEDERAL  ADJUSTED  GROSS  INCOME AND IS, WHEN COMBINED AND
COMBINED WITH ADDITIONS FOR FEDERAL DEPRECATION  REQUIRED  BY  PARAGRAPH
EIGHT  OF  THIS  SUBSECTION  AND  SUBTRACTIONS  FOR  NEW YORK ALLOWED BY
SUBSECTION (K) OF THIS SECTION, LESS THAN  ZERO,  OF  AN  INDIVIDUAL  OR
TRUST  FROM  A  QUALIFIED PASS-THROUGH MANUFACTURER, AS DEFINED IN PARA-
GRAPH FORTY-THREE OF SUBSECTION (C) OF THIS SECTION.
  § 2. Paragraph 39 of subsection (c) of section 612 of the tax law,  as
added  by  section  1  of  part  Y of chapter 59 of the laws of 2013, is
amended and a new paragraph 43 is added to read as follows:
  (39) In the case of a taxpayer who is a small business who  has  busi-
ness  income  and/or  farm  income  as defined in the laws of the United
States, an amount equal to three percent of the  net  items  of  income,
gain,  loss and deduction attributable to such business or farm entering
into federal adjusted gross income, but not less than zero, for  taxable
years  beginning  after  two thousand thirteen, an amount equal to three
and three-quarters percent of the net items of income,  gain,  loss  and
deduction  attributable  to  such business or farm entering into federal
adjusted gross income, but not less than zero, for taxable years  begin-
ning after two thousand fourteen, and an amount equal to five percent of

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

Co-Sponsors

Multi-Sponsors

A636B (ACTIVE) - Details

See Senate Version of this Bill:
S4671
Law Section:
Tax Law
Laws Affected:
Amd §§612, 606 & 210-B, Tax L
Versions Introduced in Other Legislative Sessions:
2017-2018: A10121
2021-2022: A3734, S27

A636B (ACTIVE) - Summary

Relates to pass-through manufacturers zero percent tax rate.

A636B (ACTIVE) - Bill Text download pdf


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

                                 636--B

                       2019-2020 Regular Sessions

                          I N  A S S E M B L Y

                               (PREFILED)

                             January 9, 2019
                               ___________

Introduced  by  M.  of A. STIRPE, PALMESANO, SCHIMMINGER, WOERNER, McDO-
  NALD, WALLACE -- Multi-Sponsored by -- M. of A. MANKTELOW -- read once
  and  referred  to  the  Committee  on  Ways  and  Means  --  committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to  said  committee  -- again reported from said committee with amend-
  ments, ordered reprinted as amended and recommitted to said committee

AN ACT to amend the tax law, in relation to  pass-through  manufacturers
  zero percent tax rate

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

  Section 1. Subsection (b) of section 612 of the tax law is amended  by
adding a new paragraph 42 to read as follows:
  (42)  ANY  INCOME,  GAIN,  LOSS  AND  DEDUCTION,  TO  THE EXTENT IT IS
INCLUDED IN FEDERAL ADJUSTED GROSS INCOME  AND  IS,  WHEN  COMBINED  AND
COMBINED  WITH  ADDITIONS  FOR FEDERAL DEPRECATION REQUIRED BY PARAGRAPH
EIGHT OF THIS SUBSECTION  AND  SUBTRACTIONS  FOR  NEW  YORK  ALLOWED  BY
SUBSECTION  (K)  OF  THIS  SECTION,  LESS THAN ZERO, OF AN INDIVIDUAL OR
TRUST FROM A QUALIFIED PASS-THROUGH MANUFACTURER, AS  DEFINED  IN  PARA-
GRAPH FORTY-THREE OF SUBSECTION (C) OF THIS SECTION.
  §  2. Paragraph 39 of subsection (c) of section 612 of the tax law, as
added by section 1 of part Y of chapter 59  of  the  laws  of  2013,  is
amended and a new paragraph 43 is added to read as follows:
  (39)  In  the case of a taxpayer who is a small business who has busi-
ness income and/or farm income as defined in  the  laws  of  the  United
States,  an  amount  equal  to three percent of the net items of income,
gain, loss and deduction attributable to such business or farm  entering
into  federal adjusted gross income, but not less than zero, for taxable
years beginning after two thousand thirteen, an amount  equal  to  three
and  three-quarters  percent  of the net items of income, gain, loss and
deduction attributable to such business or farm  entering  into  federal

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets