Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Mar 17, 2010 |
referred to ways and means |
Assembly Bill A10305
2009-2010 Legislative Session
Sponsored By
TEDISCO
Archive: Last Bill Status - In Assembly 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
co-Sponsors
Thomas F. O'Mara
2009-A10305 (ACTIVE) - Details
2009-A10305 (ACTIVE) - Sponsor Memo
BILL NUMBER:A10305 TITLE OF BILL: An act to amend the tax law, in relation to providing for a personal income tax credit in the event of a tardy state budget PURPOSE OR GENERAL IDEA OF BILL: Grants personal income taxpayers with a credit of $1.00 per day for each day after April 1 until the legislature enacts the state budget. SUMMARY OF SPECIFIC PROVISIONS: An act to amend the tax law, in relation to providing for a personal income tax credit in the event of a tardy state budget. JUSTIFICATION: The state legislature has been increasingly late in the past fifteen years and the taxpayer has been the most directly affected group. This bill would give the taxpayer a reward for filing their taxes on time, while the legislators continue to give themselves extensions. PRIOR LEGISLATIVE HISTORY: 2007: A.4839; Referred to Ways and Means 2008: A.4839; Referred to Ways and Means 2006: A.2909; Referred to Ways and Means 2005: A.2909; Referred to Ways and Means 2004: A.2228; Held for consideration in the Ways and Means 2003: A.2228; Referred to Ways and Means 2002: A.4515; Held for consideration in the Ways. and Means
2009-A10305 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 10305 I N A S S E M B L Y March 17, 2010 ___________ Introduced by M. of A. TEDISCO, O'MARA -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to providing for a personal income tax credit in the event of a tardy state budget THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 606 of the tax law is amended by adding a new subsection (o-1) to read as follows: (O-1) TAX CREDIT IN THE EVENT OF AN UNTIMELY BUDGET. (1) A TAXPAYER, WHO HAS FILED A COMPLETED TAX RETURN ON OR BEFORE APRIL FIFTEENTH IN ANY YEAR SHALL BE ENTITLED TO A CREDIT AGAINST THE TAX IMPOSED BY THIS ARTI- CLE, IN AN AMOUNT EQUAL TO ONE DOLLAR PER DAY FOR EACH DAY UP TO A MAXI- MUM OF SEVENTY-FIVE DAYS AFTER APRIL FIRST THAT THE LEGISLATURE FAILS TO PASS THOSE BILLS, WITH OR WITHOUT AMENDMENTS, SUBMITTED TO IT BY THE GOVERNOR PURSUANT TO SECTION THREE OF ARTICLE SEVEN OF THE CONSTITUTION MAKING APPROPRIATIONS AND REAPPROPRIATIONS FOR THE SUPPORT OF GOVERNMENT AND CONSTITUTING THE STATE BUDGET. (2) IF THE AMOUNT OF THE CREDIT ALLOWABLE UNDER THIS SUBSECTION FOR ANY TAXABLE YEAR SHALL EXCEED THE TAXPAYER'S TAX FOR SUCH YEAR, THE EXCESS SHALL IN ANY EVENT BE REFUNDED AND PAID TO SUCH TAXPAYER IN THAT YEAR IN THE SAME MANNER AS AN OVERPAYMENT OF TAX IS SO REFUNDABLE AND PAID. S 2. This act shall take effect immediately and shall apply to taxable years beginning on and after January 1, 2010. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD15895-01-0
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