Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Apr 26, 2012 |
referred to investigations and government operations |
Senate Bill S7064
2011-2012 Legislative Session
Sponsored By
(D) Senate District
Archive: Last Bill Status - In Senate Committee Investigations And Government Operations 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
2011-S7064 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A9965
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd §606, add §658-a, Tax L
- Versions Introduced in Other Legislative Sessions:
-
2013-2014:
S1985, A2422
2015-2016: S2166, A6598
2017-2018: A6315
2019-2020: A6404
2011-S7064 (ACTIVE) - Sponsor Memo
BILL NUMBER:S7064 TITLE OF BILL: An act to amend the tax law, in relation to clarifying the recordkeeping requirements for the earned income tax credit and the enhanced earned income tax credit PURPOSE: This bill clearly delineates the record keeping requirements for any taxpayer paid principally in cash who is claiming the earned income tax credit or enhanced earned income tax credit. SUMMARY OF PROVISIONS: The bill makes changes to the provisions of the Tax Law concerning various record keeping requirements to properly document qualification for the earned income tax credit or enhanced earned income tax credit: o Subsection (d) of section 606 of the Tax law is amended by adding a new paragraph 8 concerning recordkeeping for cash earners and require compliance with requirements set forth in section 658-a. o Section 2, subsection (d-1) of section 606 of the Tax Law is amended by adding a new paragraph 9 to clarify acceptable record keeping methods for any taxpayer who earns in cash and who is claiming the
2011-S7064 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7064 I N S E N A T E April 26, 2012 ___________ Introduced by Sen. CARLUCCI -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations AN ACT to amend the tax law, in relation to clarifying the recordkeeping requirements for the earned income tax credit and the enhanced earned income tax credit THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subsection (d) of section 606 of the tax law is amended by adding a new paragraph 8 to read as follows: (8) RECORDKEEPING. IN ADDITION TO ANY OTHER REQUIREMENT SET FORTH IN THIS CHAPTER, ANY TAXPAYER PAID PRINCIPALLY IN CASH WHO IS CLAIMING THE EARNED INCOME TAX CREDIT PURSUANT TO THIS SUBSECTION SHALL COMPLY WITH THE RECORDKEEPING REQUIREMENTS SET FORTH IN SECTION SIX HUNDRED FIFTY-EIGHT-A OF THIS ARTICLE WHEN APPLICABLE. S 2. Subsection (d-1) of section 606 of the tax law is amended by adding a new paragraph 9 to read as follows: (9) IN ADDITION TO ANY OTHER REQUIREMENT SET FORTH IN THIS CHAPTER, ANY TAXPAYER WHO IS CLAIMING THE ENHANCED EARNED INCOME TAX CREDIT PURSUANT TO THIS SUBSECTION SHALL COMPLY WITH THE RECORDKEEPING REQUIRE- MENTS SET FORTH IN SECTION SIX HUNDRED FIFTY-EIGHT-A OF THIS ARTICLE WHEN APPLICABLE. S 3. The tax law is amended by adding a new section 658-a to read as follows: S 658-A. INCOME DOCUMENTATION CONCERNING THE EARNED INCOME TAX CREDIT. IN CONJUNCTION WITH THE REQUIREMENTS SET FORTH IN THIS CHAPTER, THE PROVISIONS OF THIS SECTION SHALL APPLY TO ANY TAXPAYER CLAIMING THE EARNED INCOME TAX CREDIT AS SET FORTH IN SUBSECTION (D) OF SECTION SIX HUNDRED SIX OF THIS ARTICLE: (A) INCOME DOCUMENTATION STANDARDS FOR CASH EARNERS. IF THE TAXPAYER IS EMPLOYED IN ONE OR MORE JOBS WHERE SUCH TAXPAYER IS PAID PRINCIPALLY IN CASH, SUCH TAXPAYER MAY PROVE HIS OR HER INCOME BY PRODUCING ONE OF THE FOLLOWING VERIFICATIONS: EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD14717-04-2
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