Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 12, 2016 |
print number 5816a |
Jan 12, 2016 |
amend and recommit to investigations and government operations |
Jan 06, 2016 |
referred to investigations and government operations |
Jun 04, 2015 |
referred to investigations and government operations |
Senate Bill S5816A
2015-2016 Legislative Session
Sponsored By
(R, C) 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
2015-S5816 - Details
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd §§606 & 210-B, Tax L
2015-S5816 - Sponsor Memo
BILL NUMBER:S5816 TITLE OF BILL: An act to amend the tax law, in relation to establishing an income tax credit for certain metropolitan commuters PURPOSE:. Establishes a tax credit for individuals who pay the metropolitan commuter transportation district (MCTD) supplemental registration fee for farm vehicles. SUMMARY OF PROVISIONS: Section one amends section 606 of the tax law by adding a new subsection (ccc) which establishes the metropolitan commuter transportation district (MCTD) fee tax credit. This is applicable to any person who pays the registration fee required by section 499-A of the vehicle and traffic law for a farm vehicle registered pursuant to subdivision 13 of section 401 of the vehicle and traffic law. It sets the amount of the credit at the cost equal to the MCTD supplemental registration fee and provides for the credit to be one hundred percent refundable. Section two amends subparagraph (B) of paragraph 1 of subsection (i)
2015-S5816 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5816 2015-2016 Regular Sessions I N S E N A T E June 4, 2015 ___________ Introduced by Sen. LARKIN -- 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 establishing an income tax credit for certain metropolitan commuters 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 (ccc) to read as follows: (CCC) METROPOLITAN COMMUTER TRANSPORTATION DISTRICT FEE TAX CREDIT. ANY PERSON WHO PAYS THE REGISTRATION FEE REQUIRED BY SECTION FOUR HUNDRED NINETY-NINE-A OF THE VEHICLE AND TRAFFIC LAW FOR A FARM VEHICLE REGISTERED PURSUANT TO SUBDIVISION THIRTEEN OF SECTION FOUR HUNDRED ONE OF THE VEHICLE AND TRAFFIC LAW SHALL BE ALLOWED A CREDIT OF ONE HUNDRED PERCENT OF SUCH FEE AGAINST THE TAX OTHERWISE IMPOSED BY THIS ARTICLE. IF THE AMOUNT OF CREDIT ALLOWED UNDER THIS SUBSECTION FOR ANY TAXABLE YEAR EXCEEDS THE TAXPAYER'S TAX FOR SUCH YEAR, THE EXCESS SHALL BE TREATED AS AN OVERPAYMENT OF TAX TO BE CREDITED OR REFUNDED IN ACCORD- ANCE WITH THE PROVISIONS OF SECTION SIX HUNDRED EIGHTY-SIX OF THIS ARTI- CLE, PROVIDED, HOWEVER, THAT NO INTEREST SHALL BE PAID THEREON. S 2. Subparagraph (B) of paragraph 1 of subsection (i) of section 606 of the tax law is amended by adding a new clause (xliii) to read as follows: (XLIII) METROPOLITAN COMMUTER AMOUNT OF CREDIT UNDER TRANSPORTATION DISTRICT FEE TAX SUBDIVISION FIFTY-ONE OF CREDIT UNDER SUBSECTION (CCC) SECTION TWO HUNDRED TEN-B S 3. Section 210-B of the tax law is amended by adding a new subdivi- sion 51 to read as follows: 51. METROPOLITAN COMMUTER TRANSPORTATION DISTRICT FEE TAX CREDIT. (A) ANY TAXPAYER WHO PAYS THE REGISTRATION FEE REQUIRED BY SECTION FOUR HUNDRED NINETY-NINE-A OF THE VEHICLE AND TRAFFIC LAW FOR A FARM VEHICLE EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10471-07-5
2015-S5816A (ACTIVE) - Details
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd §§606 & 210-B, Tax L
2015-S5816A (ACTIVE) - Sponsor Memo
BILL NUMBER: S5816A TITLE OF BILL : An act to amend the tax law, in relation to establishing an income tax credit for certain metropolitan commuters PURPOSE : Establishes a tax credit for individuals who pay the metropolitan commuter transportation district (MCTD) supplemental registration fee for farm vehicles. SUMMARY OF PROVISIONS : Section one amends section 606 of the tax law by adding a new subsection (ccc) which establishes the metropolitan commuter transportation district (MCTD) fee tax credit. This is applicable to any person who pays the registration fee required by section 499-A of the vehicle and traffic law for a farm vehicle registered pursuant to subdivision 13 of section 401 of the vehicle and traffic law. It sets the amount of the credit at the cost equal to the MCTD supplemental registration fee and provides for the credit to be one hundred percent refundable. Section two amends subparagraph (B) of paragraph 1 of subsection (i)
2015-S5816A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5816--A 2015-2016 Regular Sessions I N S E N A T E June 4, 2015 ___________ Introduced by Sen. LARKIN -- 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 establishing an income tax credit for certain metropolitan commuters 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 (ccc) to read as follows: (CCC) METROPOLITAN COMMUTER TRANSPORTATION DISTRICT FEE TAX CREDIT. ANY PERSON WHO PAYS THE REGISTRATION FEE REQUIRED BY SECTION FOUR HUNDRED NINETY-NINE-A OF THE VEHICLE AND TRAFFIC LAW FOR A FARM VEHICLE REGISTERED PURSUANT TO SUBDIVISION THIRTEEN OF SECTION FOUR HUNDRED ONE OF THE VEHICLE AND TRAFFIC LAW SHALL BE ALLOWED A CREDIT OF ONE HUNDRED PERCENT OF SUCH FEE AGAINST THE TAX OTHERWISE IMPOSED BY THIS ARTICLE. IF THE AMOUNT OF CREDIT ALLOWED UNDER THIS SUBSECTION FOR ANY TAXABLE YEAR EXCEEDS THE TAXPAYER'S TAX FOR SUCH YEAR, THE EXCESS SHALL BE TREATED AS AN OVERPAYMENT OF TAX TO BE CREDITED OR REFUNDED IN ACCORD- ANCE WITH THE PROVISIONS OF SECTION SIX HUNDRED EIGHTY-SIX OF THIS ARTI- CLE, PROVIDED, HOWEVER, THAT NO INTEREST SHALL BE PAID THEREON. S 2. Subparagraph (B) of paragraph 1 of subsection (i) of section 606 of the tax law is amended by adding a new clause (xliii) to read as follows: (XLIII) METROPOLITAN COMMUTER AMOUNT OF CREDIT UNDER TRANSPORTATION DISTRICT FEE TAX SUBDIVISION FIFTY-ONE OF CREDIT UNDER SUBSECTION (CCC) SECTION TWO HUNDRED TEN-B S 3. Section 210-B of the tax law is amended by adding a new subdivi- sion 51 to read as follows: EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10471-08-6
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