Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 07, 2022 |
print number 1808a |
Jan 07, 2022 |
amend and recommit to budget and revenue |
Jan 05, 2022 |
referred to budget and revenue |
Jan 15, 2021 |
referred to budget and revenue |
Senate Bill S1808A
2021-2022 Legislative Session
Sponsored By
(R, C, IP, RFM) Senate District
Archive: Last Bill Status - In Senate Committee Budget And Revenue Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Bill Amendments
co-Sponsors
(R, C, IP, RFM) Senate District
(R, C) 57th Senate District
(R) Senate District
(R, C) 60th Senate District
2021-S1808 - Details
- Current Committee:
- Senate Budget And Revenue
- Law Section:
- Tax Law
- Laws Affected:
- Amd §601, Tax L
- Versions Introduced in 2019-2020 Legislative Session:
-
S7365
2021-S1808 - Sponsor Memo
BILL NUMBER: S1808 SPONSOR: JORDAN TITLE OF BILL: An act to amend the tax law, in relation to accelerating the change in personal income tax rates SUMMARY OF PROVISIONS: Sections 1, 2, and 3 amend the tax law to provide that reductions in income tax rates provided by a chapter of the laws of 2017 be expedited by one year for the three filing statuses: Married Filing Joint (MFJ); Head of Household (HoH) and Single/married filing separate (S). Section 4 provides for the effective date. JUSTIFICATION: In 2017, the New York State Legislature enacted landmark middle class tax cuts which, over the course of its entire implementation, will save
2021-S1808 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1808 2021-2022 Regular Sessions I N S E N A T E January 15, 2021 ___________ Introduced by Sens. JORDAN, AKSHAR, BORRELLO, BOYLE, GALLIVAN, HELMING, O'MARA, ORTT, TEDISCO -- read twice and ordered printed, and when printed to be committed to the Committee on Budget and Revenue AN ACT to amend the tax law, in relation to accelerating the change in personal income tax rates THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Clauses (iv), (v), (vi), (vii) and (viii) of subparagraph (B) of paragraph 1 of subsection (a) of section 601 of the tax law, clauses (iv), (v), (vi) and (vii) as amended by section 1 of part P of chapter 59 of the laws of 2019 and clause (viii) as added by section 1 of part R of chapter 59 of the laws of 2017, are amended to read as follows: (iv) For taxable years beginning in two thousand twenty-one the following rates shall apply: [If the New York taxable income is: The tax is: Not over $17,150 4% of the New York taxable income Over $17,150 but not over $23,600 $686 plus 4.5% of excess over $17,150 Over $23,600 but not over $27,900 $976 plus 5.25% of excess over $23,600 Over $27,900 but not over $43,000 $1,202 plus 5.9% of excess over $27,900 Over $43,000 but not over $161,550 $2,093 plus 5.97% of excess over $43,000 Over $161,550 but not over $323,200 $9,170 plus 6.33% of excess over $161,550 Over $323,200 but not over $19,403 plus 6.85% of excess $2,155,350 over $323,200 Over $2,155,350 $144,905 plus 8.82% of excess over $2,155,350 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
co-Sponsors
(R, C, IP, RFM) Senate District
(R, C) 57th Senate District
(R) Senate District
(R, C) 60th Senate District
2021-S1808A (ACTIVE) - Details
- Current Committee:
- Senate Budget And Revenue
- Law Section:
- Tax Law
- Laws Affected:
- Amd §601, Tax L
- Versions Introduced in 2019-2020 Legislative Session:
-
S7365
2021-S1808A (ACTIVE) - Sponsor Memo
BILL NUMBER: S1808A SPONSOR: JORDAN TITLE OF BILL: An act to amend the tax law, in relation to accelerating the change in personal income tax rates SUMMARY OF PROVISIONS: Sections 1, 2, and 3 amend the tax law to provide that reductions in income tax rates provided by a chapter of the laws of 2017 be expedited by one year for the three filing statuses: Married Filing Joint (MFJ); Head of Household (HoH) and Single/married filing separate (S). Section 4 provides for the effective date. JUSTIFICATION: In 2017, the New York State Legislature enacted landmark middle class tax cuts which, over the course of its entire implementation, will save taxpayers billions of dollars of their hard-earned money and help tens
2021-S1808A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1808--A 2021-2022 Regular Sessions I N S E N A T E January 15, 2021 ___________ Introduced by Sens. JORDAN, AKSHAR, BORRELLO, BOYLE, GALLIVAN, HELMING, O'MARA, ORTT, TEDISCO, WEIK -- read twice and ordered printed, and when printed to be committed to the Committee on Budget and Revenue -- recommitted to the Committee on Budget and Revenue in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the tax law, in relation to accelerating the change in personal income tax rates THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Clauses (vii) and (viii) of subparagraph (B) of paragraph 1 of subsection (a) of section 601 of the tax law, as amended by section 1 of part A of chapter 59 of the laws of 2021, are amended to read as follows: (vii) For taxable years beginning in two thousand [twenty-four] TWEN- TY-THREE the following rates shall apply: If the New York taxable income is: The tax is: Not over $17,150 4% of the New York taxable income Over $17,150 but not over $23,600 $686 plus 4.5% of excess over $17,150 Over $23,600 but not over $27,900 $976 plus 5.25% of excess over $23,600 Over $27,900 but not over $161,550 $1,202 plus 5.61% of excess over $27,900 Over $161,550 but not over $323,200 $8,700 plus 6.09% of excess over $161,550 Over $323,200 but not over $18,544 plus 6.85% of excess over $2,155,350 $323,200 Over $2,155,350 but not over $144,047 plus 9.65% of excess over $5,000,000 $2,155,350 Over $5,000,000 but not over $418,555 plus 10.30% of excess over EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD01673-02-2
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