senate Bill S2509A

2021-2022 Legislative Session

Enacts into law major components of legislation which are necessary to implement the state fiscal plan for the 2021-2022 state fiscal year

download bill text pdf

Sponsored By

There are no sponsors of this bill.

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 (3)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Feb 24, 2021 print number 2509a
Feb 24, 2021 amend (t) and recommit to finance
Jan 20, 2021 referred to finance

S2509 - Details

See Assembly Version of this Bill:
A3009
Current Committee:
Senate Finance
Law Section:
Budget Bills
Laws Affected:
Amd Various Laws, generally

S2509 - Summary

Enacts into law major components of legislation which are necessary to implement the state fiscal plan for the 2021-2022 state fiscal year; imposes a tax surcharge on wealthy taxpayers (Part A); relates to delaying tax reductions (Part B); imposes a pass-through entity tax (Part C) (view more) relates to child care services expenditures under the excelsior jobs program and the employer provided child care credit (Part D); reforms and simplifies various business tax provisions (Part E); relates to the empire state film production credit and the empire state film post production credit (Part F); relates to wage filer reporting and reconciliation (Part G); enacts the "Cannabis Regulation and Taxation Act" providing for the creation of a new office of cannabis management, as an independent entity within the division of alcoholic beverage control, providing for the licensure of persons authorized to cultivate, process, distribute and sell cannabis and the use of cannabis by persons aged twenty-one or older (Part H); requires vacation rental marketplace providers collect sales tax (Part I); relates to certain taxes on admissions to race tracks and simulcast facilities; and imposes sales tax on admissions to race tracks and simulcast facilities (Part J); increases the interest free period for certain sales tax refunds (Part K); provides for the authority of counties to impose sales and use taxes (Part L); exempts from sales and use tax certain tangible personal property or services (Part M); increases the total dollar amount for vendors' gross receipts necessary for registration filing (Part N); imposes liability for real estate transfer taxes on responsible persons, prohibiting grantors from passing real estate transfer tax to grantees; exempts certain organizations from the LLC disclosure requirement (Part O); relates to restrictions on certain retail dealers whose registrations have been revoked or who have been forbidden from selling cigarettes or tobacco products (Part P); relates to the timing and method for filing certain returns (Part Q); relates to determining liability for the collection of taxes on medallion taxicab trips and congestion surcharges (Part R); increases tax return preparer penalties for failure to register; requires the display of certain documents by tax return preparers (Part S); permits the commissioner of taxation and finance to seek judicial review of decisions of the tax appeals tribunal (Part T); relates to electronic submission of consolidated real property transfer forms; authorizes the commissioner to implement a new system for the collection of data relating to transfers of real property (Part U); enhances the administration of the STAR program; provides that beginning with assessment rolls used to levy school district taxes for the 2021--2022 school year, no application for a new enhanced exemption under this section may be approved (Subpart A); extends the cutoff date for a STAR credit switch (Subpart B); relates to tax returns of deceased individuals (Subpart C); relates to the powers of the state board of real property tax services and the commissioner of taxation and finance; requires the commissioner of taxation and finance verify the income eligibility of recipients of the basic STAR exemption (Subpart D); relates to exemptions for manufactured home park owners or operators and mobile home owners (Subpart E)(Part V); relates to making technical corrections to facilitate the administration of real property taxes (Part W); promotes the development of renewable energy projects, including solar or wind energy systems (Part X); authorizes mobile sports betting (Part Y); authorizes a request from the gaming commission for information related to interest in gaming facility licenses (Part Z); provides for keno style lottery games (Part AA); relates to the frequency at which certain lottery draw games may be offered (Part BB); reorganizes and makes technical corrections to certain provisions of law relating to the gaming inspector general (Part CC); extends certain provisions of law related to simulcasting (Part DD); extends the alternative fuels tax exemptions for five years (Part EE); extends the farm workforce retention credit (Part FF); extends the credit against income tax for persons or entities investing in low-income housing (Part GG); extends provisions of law relating to a musical and theatrical production tax credit; increases the aggregate cap on such credit (Part HH); extends hire a veteran credit for an additional year (Part II); extends the tax credits under the economic transformation and facility redevelopment program (Part JJ); provides for the implementation of the secure choice program (Part KK); relates to temporarily suspending certain racing support payments (Part LL).

S2509 - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
     S. 2509                                                  A. 3009
 
                       S E N A T E - A S S E M B L Y
 
                             January 20, 2021
                                ___________
 
 IN  SENATE -- A BUDGET BILL, submitted by the Governor pursuant to arti-
   cle seven of the Constitution -- read twice and ordered  printed,  and
   when printed to be committed to the Committee on Finance
 
 IN  ASSEMBLY  --  A  BUDGET  BILL, submitted by the Governor pursuant to
   article seven of the Constitution -- read once  and  referred  to  the
   Committee on Ways and Means

 AN  ACT to amend the tax law, in relation to imposing a tax surcharge on
   wealthy taxpayers (Part A); to amend  the  tax  law,  in  relation  to
   delaying  tax  reductions (Part B); to amend the tax law and the state
   finance law, in relation to the imposition of  a  pass-through  entity
   tax  (Part  C); to amend the economic development law and the tax law,
   in relation to child care services expenditures  under  the  excelsior
   jobs  program and the employer provided child care credit (Part D); to
   amend the tax law, in relation to reforming  and  simplifying  various
   business  tax  provisions thereof; and to repeal certain provisions of
   such law related thereto (Part E); to amend the tax law,  in  relation
   to  the  empire state film production credit and the empire state film
   post production credit (Part F); to amend the tax law, in relation  to
   wage  filer reporting and reconciliation (Part G); relating to consti-
   tuting a new chapter 7-A of the consolidated laws, in relation to  the
   creation  of  a  new  office of cannabis management, as an independent
   entity within the division of alcoholic  beverage  control,  providing
   for  the  licensure  of  persons  authorized  to  cultivate,  process,
   distribute and sell cannabis and the use of cannabis by  persons  aged
   twenty-one  or  older;  to amend the public health law, in relation to
   the description of cannabis; to amend the vehicle and traffic law,  in
   relation  to  making  technical  changes  regarding  the definition of
   cannabis; to amend the penal law, in relation to the qualification  of
   certain offenses involving cannabis and to exempt certain persons from
   prosecution  for the use, consumption, display, production or distrib-
   ution of cannabis; to amend the tax law, in relation to providing  for
   the levying of taxes on cannabis; to amend the criminal procedure law,
   the  civil practice law and rules, the general business law, the alco-
   holic beverage control law, the general obligations  law,  the  social
   services law, the state finance law, the penal law and the vehicle and
   traffic  law, in relation to making conforming changes; to amend chap-
 

S2509A (ACTIVE) - Details

See Assembly Version of this Bill:
A3009
Current Committee:
Senate Finance
Law Section:
Budget Bills
Laws Affected:
Amd Various Laws, generally

S2509A (ACTIVE) - Summary

Enacts into law major components of legislation which are necessary to implement the state fiscal plan for the 2021-2022 state fiscal year; imposes a tax surcharge on wealthy taxpayers (Part A); relates to delaying tax reductions (Part B); imposes a pass-through entity tax (Part C) (view more) relates to child care services expenditures under the excelsior jobs program and the employer provided child care credit (Part D); reforms and simplifies various business tax provisions (Part E); relates to the empire state film production credit and the empire state film post production credit (Part F); relates to wage filer reporting and reconciliation (Part G); enacts the "Cannabis Regulation and Taxation Act" providing for the creation of a new office of cannabis management, as an independent entity within the division of alcoholic beverage control, providing for the licensure of persons authorized to cultivate, process, distribute and sell cannabis and the use of cannabis by persons aged twenty-one or older (Part H); requires vacation rental marketplace providers collect sales tax (Part I); relates to certain taxes on admissions to race tracks and simulcast facilities; and imposes sales tax on admissions to race tracks and simulcast facilities (Part J); increases the interest free period for certain sales tax refunds (Part K); provides for the authority of counties to impose sales and use taxes (Part L); exempts from sales and use tax certain tangible personal property or services (Part M); increases the total dollar amount for vendors' gross receipts necessary for registration filing (Part N); imposes liability for real estate transfer taxes on responsible persons, prohibiting grantors from passing real estate transfer tax to grantees; exempts certain organizations from the LLC disclosure requirement (Part O); relates to restrictions on certain retail dealers whose registrations have been revoked or who have been forbidden from selling cigarettes or tobacco products (Part P); relates to the timing and method for filing certain returns (Part Q); relates to determining liability for the collection of taxes on medallion taxicab trips and congestion surcharges (Part R); increases tax return preparer penalties for failure to register; requires the display of certain documents by tax return preparers (Part S); permits the commissioner of taxation and finance to seek judicial review of decisions of the tax appeals tribunal (Part T); relates to electronic submission of consolidated real property transfer forms; authorizes the commissioner to implement a new system for the collection of data relating to transfers of real property (Part U); enhances the administration of the STAR program; provides that beginning with assessment rolls used to levy school district taxes for the 2021--2022 school year, no application for a new enhanced exemption under this section may be approved (Subpart A); extends the cutoff date for a STAR credit switch (Subpart B); relates to tax returns of deceased individuals (Subpart C); relates to the powers of the state board of real property tax services and the commissioner of taxation and finance; requires the commissioner of taxation and finance verify the income eligibility of recipients of the basic STAR exemption (Subpart D); relates to exemptions for manufactured home park owners or operators and mobile home owners (Subpart E)(Part V); relates to making technical corrections to facilitate the administration of real property taxes (Part W); promotes the development of renewable energy projects, including solar or wind energy systems (Part X); authorizes mobile sports betting (Part Y); authorizes a request from the gaming commission for information related to interest in gaming facility licenses (Part Z); provides for keno style lottery games (Part AA); relates to the frequency at which certain lottery draw games may be offered (Part BB); reorganizes and makes technical corrections to certain provisions of law relating to the gaming inspector general (Part CC); extends certain provisions of law related to simulcasting (Part DD); extends the alternative fuels tax exemptions for five years (Part EE); extends the farm workforce retention credit (Part FF); extends the credit against income tax for persons or entities investing in low-income housing (Part GG); extends provisions of law relating to a musical and theatrical production tax credit; increases the aggregate cap on such credit (Part HH); extends hire a veteran credit for an additional year (Part II); extends the tax credits under the economic transformation and facility redevelopment program (Part JJ); provides for the implementation of the secure choice program (Part KK); relates to temporarily suspending certain racing support payments (Part LL).

S2509A (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
     S. 2509--A                                            A. 3009--A
 
                       S E N A T E - A S S E M B L Y
 
                             January 20, 2021
                                ___________
 
 IN  SENATE -- A BUDGET BILL, submitted by the Governor pursuant to arti-
   cle seven of the Constitution -- read twice and ordered  printed,  and
   when  printed to be committed to the Committee on Finance -- committee
   discharged, bill amended, ordered reprinted as amended and recommitted
   to said committee
 
 IN ASSEMBLY -- A BUDGET BILL, submitted  by  the  Governor  pursuant  to
   article  seven  of  the  Constitution -- 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 imposing a tax surcharge on
   wealthy taxpayers (Part A); to amend  the  tax  law,  in  relation  to
   delaying  tax  reductions (Part B); to amend the tax law and the state
   finance law, in relation to the imposition of  a  pass-through  entity
   tax  (Part  C); to amend the economic development law and the tax law,
   in relation to child care services expenditures  under  the  excelsior
   jobs  program and the employer provided child care credit (Part D); to
   amend the tax law, in relation to reforming  and  simplifying  various
   business  tax  provisions thereof; and to repeal certain provisions of
   such law related thereto (Part E); to amend the tax law,  in  relation
   to  the  empire state film production credit and the empire state film
   post production credit (Part F); to amend the tax law, in relation  to
   wage  filer reporting and reconciliation (Part G); relating to consti-
   tuting a new chapter 7-A of the consolidated laws, in relation to  the
   creation  of  a  new  office of cannabis management, as an independent
   entity within the division of alcoholic  beverage  control,  providing
   for  the  licensure  of  persons  authorized  to  cultivate,  process,
   distribute and sell cannabis and the use of cannabis by  persons  aged
   twenty-one  or  older;  to amend the public health law, in relation to
   the description of cannabis; to amend the vehicle and traffic law,  in
   relation  to  making  technical  changes  regarding  the definition of
   cannabis; to amend the penal law, in relation to the qualification  of
   certain offenses involving cannabis and to exempt certain persons from
   prosecution  for the use, consumption, display, production or distrib-
   ution of cannabis; to amend the tax law, in relation to providing  for
   the levying of taxes on cannabis; to amend the criminal procedure law,
   the  civil practice law and rules, the general business law, the alco-