senate Bill S5125A

2021-2022 Legislative Session

Excludes from state income tax certain unemployment compensation benefits

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Budget And Revenue 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 25, 2021 print number 5125a
Feb 25, 2021 amend (t) and recommit to budget and revenue
Feb 24, 2021 referred to budget and revenue

S5125 - Details

See Assembly Version of this Bill:
A6584
Current Committee:
Senate Budget And Revenue
Law Section:
Tax Law
Laws Affected:
Amd §612, Tax L

S5125 - Summary

Excludes from state income tax up to $10,200 of unemployment compensation benefits earned by a resident of the state.

S5125 - Sponsor Memo

S5125 - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5125
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                             February 24, 2021
                                ___________
 
 Introduced  by  Sen.  FELDER -- 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 excluding from state  income
   tax unemployment compensation benefits
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subsection (c) of section 612 of the tax law is amended  by
 adding a new paragraph 43 to read as follows:
   (43)  FOR  EACH TAXABLE YEAR BEGINNING ON AND AFTER JANUARY FIRST, TWO
 THOUSAND TWENTY, ALL UNEMPLOYMENT COMPENSATION RECEIVED BY A TAXPAYER.
   § 2. This act shall take effect immediately.
 
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD09500-02-1


Co-Sponsors

view additional co-sponsors

S5125A (ACTIVE) - Details

See Assembly Version of this Bill:
A6584
Current Committee:
Senate Budget And Revenue
Law Section:
Tax Law
Laws Affected:
Amd §612, Tax L

S5125A (ACTIVE) - Summary

Excludes from state income tax up to $10,200 of unemployment compensation benefits earned by a resident of the state.

S5125A (ACTIVE) - Sponsor Memo

S5125A (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  5125--A
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                             February 24, 2021
                                ___________
 
 Introduced  by  Sen.  FELDER -- read twice and ordered printed, and when
   printed to be committed to the Committee  on  Budget  and  Revenue  --
   committee  discharged,  bill amended, ordered reprinted as amended and
   recommitted to said committee
 
 AN ACT to amend the tax law, in relation to excluding from state  income
   tax certain unemployment compensation benefits
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subsection (c) of section 612 of the tax law is amended  by
 adding a new paragraph 43 to read as follows:
   (43)  FOR  EACH TAXABLE YEAR BEGINNING ON AND AFTER JANUARY FIRST, TWO
 THOUSAND TWENTY, AN AMOUNT UP TO TEN THOUSAND  TWO  HUNDRED  DOLLARS  OF
 UNEMPLOYMENT COMPENSATION RECEIVED BY A TAXPAYER.
   § 2. This act shall take effect immediately.
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD09500-03-1


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