NY State Senate Bill 2021-S6630

Senate Bill S6630

2021-2022 Legislative Session

Excludes certain unemployment compensation benefits from being calculated as adjusted gross income for state income tax purposes

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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

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Actions

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	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jan 05, 2022	referred to budget and revenue
May 10, 2021	referred to budget and revenue

co-Sponsors

2021-S6630 (ACTIVE) - Details

Current Committee:: Senate Budget And Revenue
Law Section:: Tax Law
Laws Affected:: Amd §612, Tax L

2021-S6630 (ACTIVE) - Summary

Excludes certain unemployment compensation benefits from being calculated as adjusted gross income for state income tax purposes.

2021-S6630 (ACTIVE) - Sponsor Memo

                                
 
BILL NUMBER: S6630

SPONSOR: BRISPORT
 
TITLE OF BILL:

An act to amend the tax law, in relation to excluding certain unemploy-
ment compensation benefits from state income tax

 
SUMMARY OF PROVISIONS:

Section 1 amends subsection (c) of section 612 of the tax law by adding
a new paragraph 45, and providing that unemployment compensation shall
not be calculated as adjusted gross income for state income tax
purposes.

Section 2 provides that this act shall take effect immediately.

 
JUSTIFICATION:

Many New Yorkers are currently struggling to make ends meet, particular-
ly in light of the COVID-19 pandemic, and are collecting unemployment

benefits that temporarily provide them with a fraction of their former
income. This is a necessary lifeline. However, unlike many other states,
New York currently taxes those unemployment benefits by treating them
the same as ordinary "income." This practice is regressive and unjusti-
fied.

The neighboring states of New Jersey and Pennsylvania, as well as
several others, already fully exempt unemployment benefits from income
taxes. New York, which is already the most unequal state in the nation
and which already severely under-taxes its wealthiest residents, does
not. Instead of taxing the richest to pay for public services, New York
has elected to tax some of its most vulnerable residents, who are the
least able to pay. By passing this legislation, and exempting unemploy-
ment benefits from taxation, New York will take a step in the right
direction, towards a more equitable taxation system.

 
PRIOR LEGISLATIVE HISTORY:

New bill.

 
FISCAL IMPLICATIONS FOR STATE AND LOCAL GOVERNMENTS:

To be determined.

 
EFFECTIVE DATE:
This bill is effective immediately.

2021-S6630 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6630
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                               May 10, 2021
                                ___________
 
 Introduced  by Sen. BRISPORT -- 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 certain  unemploy-
   ment compensation benefits from state income tax
 
   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 45 to read as follows:
   (45)  FOR  EACH TAXABLE YEAR BEGINNING ON AND AFTER JANUARY FIRST, TWO
 THOUSAND  TWENTY-ONE,  THE  AMOUNT  OF  ANY  UNEMPLOYMENT   COMPENSATION
 RECEIVED BY THE TAXPAYER.
   § 2. This act shall take effect immediately.
 
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD11283-01-1

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Senate Bill S6630

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Sponsored By

Jabari Brisport