Senate Bill S8309A

2023-2024 Legislative Session

Enacts into law major components of legislation which are necessary to implement the state fiscal plan for the 2024-2025 state fiscal year

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Sponsored By

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Current Bill Status - In Senate Committee Finance 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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Bill Amendments

2023-S8309 - Details

Current Committee:
Senate Finance
Law Section:
Budget Bills
Laws Affected:
Amd Various Laws, generally

2023-S8309 - Summary

Enacts into law major components of legislation which are necessary to implement the state fiscal plan for the 2024-2025 state fiscal year; relates to permanently extending the itemized deduction limit on individuals with income over ten million dollars (Part A); relates to certain transactions and related information; relates to the voluntary compliance initiative (Part B)

2023-S8309 - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
     S. 8309                                                  A. 8809
 
                       S E N A T E - A S S E M B L Y
 
                             January 17, 2024
                                ___________
 
 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 and the administrative code of the city of
   New York, in relation to permanently extending the itemized  deduction
   limit on individuals with income over ten million dollars (Part A); to
   amend  part  N of chapter 61 of the laws of 2005, amending the tax law
   relating to certain transactions and related information and  relating
   to the voluntary compliance initiative, in relation to eliminating the
   expiration  thereof  (Part  B);  to  amend the tax law, in relation to
   making technical corrections to the metropolitan commuter  transporta-
   tion  mobility  tax (Part C); to amend the tax law, in relation to the
   restriction upon issuing notices for a tax year that is the subject of
   a pending petition filed with the division of tax appeals (Part D); to
   amend the executive law and the tax law, in relation to  creating  the
   commercial  security  tax credit program (Part E); to amend section 23
   of part U of chapter 61 of the laws of 2011, amending the real proper-
   ty tax law and other laws relating to establishing standards for elec-
   tronic tax administration, in relation to the effectiveness of certain
   provisions relating to  mandatory   electronic   filing of  tax  docu-
   ments;  and to repeal certain provisions of the tax law and the admin-
   istrative code of the city of New York relating to mandatory electron-
   ic  filing  by  certain  tax  return  preparers  and  the  failure  to
   electronically  file  returns  (Part  F); to repeal subdivision (e) of
   section 23 of part U of chapter 61 of the laws of 2011 relating to the
   expiration of the segregated sales tax account provisions (Part G); to
   amend the tax law, in relation to the filing of amended returns  under
   article  28  thereof  (Part  H);  to amend the tax law, in relation to
   exempting from sales and use tax certain  tangible  personal  property
   and  services (Part I); to amend the tax law, in relation to extending
   the sales  tax  exemption  for  certain  sales  made  through  vending
   machines  (Part  J);  to  amend  the tax law, in relation to requiring
   sales tax from vacation rental  marketplace  providers  (Part  K);  to
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
              

2023-S8309A (ACTIVE) - Details

Current Committee:
Senate Finance
Law Section:
Budget Bills
Laws Affected:
Amd Various Laws, generally

2023-S8309A (ACTIVE) - Summary

Enacts into law major components of legislation which are necessary to implement the state fiscal plan for the 2024-2025 state fiscal year; relates to permanently extending the itemized deduction limit on individuals with income over ten million dollars (Part A); relates to certain transactions and related information; relates to the voluntary compliance initiative (Part B)

2023-S8309A (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  8309--A
 
                             I N  S E N A T E
 
                             January 17, 2024
                                ___________
 
 A  BUDGET  BILL,  submitted by the Governor pursuant to article 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
 
 AN  ACT  to amend the tax law and the administrative code of the city of
   New York, in relation to permanently extending the itemized  deduction
   limit on individuals with income over ten million dollars (Part A); to
   amend  part  N of chapter 61 of the laws of 2005, amending the tax law
   relating to certain transactions and related information and  relating
   to  the  voluntary compliance initiative, in relation to extending the
   effectiveness thereof (Part B); to amend the tax law, in  relation  to
   making  technical corrections to the metropolitan commuter transporta-
   tion mobility tax (Part C); to amend the tax law, in relation  to  the
   restriction upon issuing notices for a tax year that is the subject of
   a pending petition filed with the division of tax appeals (Part D); to
   amend  the  executive law and the tax law, in relation to creating the
   commercial security tax credit program (Part E); to amend  part  U  of
   chapter 61 of the laws of 2011, amending the real property tax law and
   other  laws  relating  to  establishing  standards  for electronic tax
   administration, in relation to the effectiveness of certain provisions
   relating to  mandatory  electronic  filing of tax documents (Part  F);
   to  amend  part  U of chapter 61 of the laws of 2011 amending the real
   property tax law and other laws relating to establishing standards for
   electronic real property tax administration, allowing  the  department
   of  taxation  and  finance  to  use  electronic communication means to
   furnish tax notices and other documents, mandatory  electronic  filing
   of  tax documents, debit cards issued for tax refunds, improving sales
   tax compliance, in relation to the effectiveness thereof (Part G);  to
   amend  the tax law, in relation to the filing of amended returns under
   article 28 thereof (Part H); to amend the  tax  law,  in  relation  to
   exempting  from  sales  and use tax certain tangible personal property
   and services sold to a related person; and to amend the executive law,
   in relation to tax expenditure reporting by the division of the budget
   (Part I); to amend the tax law, in relation to extending the sales tax
   exemption for certain sales made through vending machines (Part J); to
   amend the multiple residence law, the multiple dwelling law,  and  the
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
              

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