Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 28, 2014 |
print number 103a |
Jan 28, 2014 |
amend and recommit to investigations and government operations |
Jan 08, 2014 |
referred to investigations and government operations |
Jan 09, 2013 |
referred to investigations and government operations |
Senate Bill S103A
2013-2014 Legislative Session
Sponsored By
(R, C) 60th 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
Bill Amendments
2013-S103 - Details
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd §601, Tax L
- Versions Introduced in Other Legislative Sessions:
-
2011-2012:
S7845
2015-2016: S89
2013-S103 - Sponsor Memo
BILL NUMBER:S103 TITLE OF BILL: An act to amend the tax law, in relation to reducing personal income tax rates PURPOSE: This bill would make the lower tax rates put into effect in 2011 permanent. SUMMARY OF PROVISIONS: Section one makes the lower tax rates put into effect in 2011 for joint filers making less than $300,000 permanent. Section two makes the lower tax rates put into effect in 2011 for heads of household filers making less than $250,000 permanent. Section three makes the lower tax rates put into effect in 2011 for single filers making less than $200,000 permanent. Section four states that is act shall take effect immediately. EXISTING LAW: The lower tax rates on middle class families put into effect in 2011 are scheduled to expire in 2015. JUSTIFICATION: With the tax reforms of 2011, middle class families in New York now pay the lowest tax rates they have in nearly 60 years. Thanks to
2013-S103 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 103 2013-2014 Regular Sessions I N S E N A T E (PREFILED) January 9, 2013 ___________ Introduced by Sen. GALLIVAN -- 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 reducing personal income tax rates THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subparagraph (B) of paragraph 1 of subsection (a) of section 601 of the tax law, as added by section 1 of part A of chapter 56 of the laws of 2011, is amended to read as follows: (B) For taxable years beginning after two thousand fourteen, the following brackets and dollar amounts shall apply, as adjusted by the cost of living adjustment prescribed in section six hundred one-a of this part for tax years two thousand thirteen and two thousand fourteen: If the New York taxable income is: The tax is: Not over $16,000 4% of taxable income Over $16,000 but not over $22,000 $640 plus 4.5% of excess over $16,000 Over $22,000 but not over $26,000 $910 plus 5.25% of excess over $22,000 Over $26,000 but not over $40,000 $1,120 plus 5.90% of excess over $26,000 Over $40,000 BUT NOT OVER $1,946 plus [6.85%] $150,000 6.45% of excess over $40,000 OVER $150,000 BUT NOT OVER $9,041 PLUS 6.65% OF $300,000 EXCESS OVER $150,000 OVER $300,000 $19,016 PLUS 6.85% OF EXCESS OVER $300,000 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
2013-S103A (ACTIVE) - Details
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd §601, Tax L
- Versions Introduced in Other Legislative Sessions:
-
2011-2012:
S7845
2015-2016: S89
2013-S103A (ACTIVE) - Sponsor Memo
BILL NUMBER:S103A TITLE OF BILL: An act to amend the tax law, in relation to reducing personal income tax rates PURPOSE: This bill would make the lower tax rates put into effect in 2011 permanent. SUMMARY OF PROVISIONS: Section one makes the lower tax rates put into effect in 2011 for, joint filers making less than $300,000 permanent. Section two makes the lower tax rates put into effect in 2011 for heads of household filers making less than $250,000 permanent. Section three makes the lower tax rates put into effect in 2011 for single filers making less than $200,000 permanent. Section four states that this act shall take effect imme- diately. EXISTING LAW: The lower tax rates on middle class families put into effect in 2011 are scheduled to expire in 2018. JUSTIFICATION: With the tax reforms of 2011, middle class families in New York now pay the lowest tax rates they have in nearly 60 years. Thanks to these reforms, over four million New Yorkers saw their tax rates go down and the typical middle class New York family will save between $300 and $400 per year.
2013-S103A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 103--A 2013-2014 Regular Sessions I N S E N A T E (PREFILED) January 9, 2013 ___________ Introduced by Sen. GALLIVAN -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations -- recommitted to the Committee on Investigations and Government Operations in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the tax law, in relation to reducing personal income tax rates THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subparagraph (B) of paragraph 1 of subsection (a) of section 601 of the tax law, as amended by section 1 of part FF of chap- ter 59 of the laws of 2013, is amended to read as follows: (B) For taxable years beginning after two thousand seventeen, the following brackets and dollar amounts shall apply, as adjusted by the cost of living adjustment prescribed in section six hundred one-a of this part for tax years two thousand thirteen through two thousand seventeen: If the New York taxable income is: The tax is: Not over $16,000 4% of taxable income Over $16,000 but not over $22,000 $640 plus 4.5% of excess over $16,000 Over $22,000 but not over $26,000 $910 plus 5.25% of excess over $22,000 Over $26,000 but not over $40,000 $1,120 plus 5.90% of excess over $26,000 Over $40,000 BUT NOT OVER $150,000 $1,946 plus [6.85%] 6.45% of excess over $40,000 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD01970-02-4
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