Assembly Bill A3773

2013-2014 Legislative Session

Provides personal income tax credits for cold war veterans who own tangible real property

download bill text pdf

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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

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2013-A3773 (ACTIVE) - Details

Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd ยง606, Tax L
Versions Introduced in Other Legislative Sessions:
2009-2010: A7101
2011-2012: A652
2015-2016: A808
2017-2018: A888

2013-A3773 (ACTIVE) - Summary

Provides personal income tax credits for cold war veterans who own tangible real property.

2013-A3773 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  3773

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                            January 29, 2013
                               ___________

Introduced  by M. of A. GUNTHER, COLTON -- read once and referred to the
  Committee on Ways and Means

AN ACT to amend the tax law, in relation to  providing  personal  income
  tax credits for cold war veterans who own tangible real property

  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 (e-2) to read as follows:
  (E-2)  COLD  WAR VETERAN'S TAX CREDIT. (1) FOR TAXABLE YEARS BEGINNING
ON JANUARY FIRST, TWO THOUSAND FIFTEEN, A RESIDENT  TAXPAYER  WHO  IS  A
COLD  WAR  VETERAN  AS  DEFINED  IN  PARAGRAPH (A) OF SUBDIVISION ONE OF
SECTION FOUR HUNDRED FIFTY-EIGHT-B OF THE REAL PROPERTY TAX LAW SHALL BE
ALLOWED A CREDIT AGAINST THE TAX IMPOSED BY THIS ARTICLE  EQUAL  TO  TWO
HUNDRED DOLLARS.
  (2)  IF  A TAXPAYER RECEIVES A REAL PROPERTY TAX EXEMPTION RELATING TO
SUCH STATUS UNDER SECTION FOUR HUNDRED FIFTY-EIGHT-B OF THE REAL PROPER-
TY TAX LAW, SUCH TAXPAYER SHALL NOT BE ELIGIBLE FOR THIS CREDIT.
  (3) IF THE AMOUNT OF THE CREDIT ALLOWED UNDER THIS SUBSECTION FOR  ANY
TAXABLE  YEAR  SHALL EXCEED THE TAXPAYER'S TAX FOR SUCH YEAR, THE EXCESS
SHALL BE TREATED AS AN OVERPAYMENT OF TAX TO BE CREDITED OR REFUNDED  IN
ACCORDANCE WITH THE PROVISIONS OF SECTION SIX HUNDRED EIGHTY-SIX OF THIS
ARTICLE, PROVIDED HOWEVER, THAT NO INTEREST SHALL BE PAID THEREON.
  S 2. This act shall take effect immediately.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD02389-01-3

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