| Date of Action |
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|---|---|
| Jan 05, 2022 |
referred to finance |
| Jan 06, 2021 |
referred to finance |
Senate Bill S1010
2021-2022 Legislative Session
Sponsored By
(D) Senate District
Archive: Last Bill Status - In Senate Committee Finance Committee
Actions
co-Sponsors
(D) 14th Senate District
2021-S1010 (ACTIVE) - Details
2021-S1010 (ACTIVE) - Sponsor Memo
BILL NUMBER: S1010
SPONSOR: GAUGHRAN
TITLE OF BILL:
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 reimbursements
for interest on federal tax liability resulting from real property tax
law changes enacted in 2018
PURPOSE:
To ensure that New York State property taxpayers do not bear the risk,
no matter how small, of interest charges on federal tax liabilities
resulting from real property tax changes enacted by the State of New
York in 2018.
SUMMARY OF PROVISIONS:
Section one of the bill expands to real property law changes (in partic-
2021-S1010 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
1010
2021-2022 Regular Sessions
I N S E N A T E
(PREFILED)
January 6, 2021
___________
Introduced by Sen. GAUGHRAN -- read twice and ordered printed, and when
printed to be committed to the Committee on Finance
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.
LBD03790-01-1
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