Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 26, 2018 |
print number 3066b |
Jan 26, 2018 |
amend and recommit to investigations and government operations |
Jan 03, 2018 |
referred to investigations and government operations |
Feb 28, 2017 |
print number 3066a |
Feb 28, 2017 |
amend (t) and recommit to investigations and government operations |
Jan 19, 2017 |
referred to investigations and government operations |
Senate Bill S3066B
2017-2018 Legislative Session
Sponsored By
(R, C, IP) 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
2017-S3066 - Details
- See Assembly Version of this Bill:
- A5211
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd §606, Tax L
- Versions Introduced in 2019-2020 Legislative Session:
-
S892
2017-S3066 - Sponsor Memo
BILL NUMBER: S3066 TITLE OF BILL : An act to amend the tax law, in relation to establishing a personal income tax credit for certain employees who served in a position or positions in the classified service of the state, designated managerial or confidential SUMMARY OF PROVISIONS : This bill provides certain employees designated managerial or confidential to receive a tax credit to partially replace the value of salary increases that were withheld in 2009 and /or 2010. JUSTIFICATION : This measure provides a tax credit to those managerial confidential employees that retired after having salary increases withheld for 2009 and/or 2010. New York state saved over $450 million in salaries and fringe benefits from the withholding of salary increases for 2009 and 2010. The raises were eventually negotiated over a five year period into 2018. MC retirees since 2009 have not been afforded the benefit of these raises in their final average salary calculations for pension benefits and have been inequitably penalized. No more than 5,000 eligible retirees are expected to take advantage of this tax credit. The average total tax credits realized by the average retiree would be $11,250, far less than the salary withheld. It is only fair to restore
2017-S3066 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3066 2017-2018 Regular Sessions I N S E N A T E January 19, 2017 ___________ Introduced by Sen. YOUNG -- 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 a personal income tax credit for certain employees who served in a position or positions in the classified service of the state, designated manageri- al or confidential 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) MANAGEMENT/CONFIDENTIAL TAX CREDIT. (1) ALLOWANCE OF CREDIT. A TAXPAYER WHO SERVED IN A POSITION OR POSITIONS IN THE CLASSIFIED SERVICE OF THE STATE, DESIGNATED MANAGERIAL OR CONFIDENTIAL PURSUANT TO ARTICLE FOURTEEN OF THE CIVIL SERVICE LAW, AND WHO RETIRED BETWEEN APRIL FIRST, TWO THOUSAND NINE AND MARCH THIRTY-FIRST, TWO THOUSAND NINETEEN AND HAD A SALARY INCREASE AUTHORIZED UNDER CHAPTER ONE HUNDRED FOURTEEN OF THE LAWS OF TWO THOUSAND EIGHT WHICH WAS WITHHELD FOR THE TWO THOUSAND NINE- TWO THOUSAND TEN AND/OR TWO THOUSAND TEN-TWO THOUSAND ELEVEN STATE FISCAL YEARS SHALL BE ALLOWED A CREDIT AGAINST THE TAX IMPOSED BY THIS ARTICLE EQUAL TO THE FIVE PER CENTUM OF THEIR ANNUAL ZERO OPTION RETIRE- MENT ALLOWANCE PROVIDED BY THE NEW YORK STATE AND LOCAL EMPLOYEES' RETIREMENT SYSTEM, BUT NOT TO EXCEED THREE THOUSAND DOLLARS ANNUALLY FOR FIVE YEARS. (2) APPLICATION OF CREDIT. ANY TAX CREDIT NOT USED IN THE TAXABLE YEAR OF RETIREMENT MAY BE CARRIED FORWARD OR BACKWARDS FOR TEN TAXABLE YEARS UNTIL THE FULL CREDIT HAS BEEN ALLOWED. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD08573-01-7
co-Sponsors
(R) Senate District
2017-S3066A - Details
- See Assembly Version of this Bill:
- A5211
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd §606, Tax L
- Versions Introduced in 2019-2020 Legislative Session:
-
S892
2017-S3066A - Sponsor Memo
BILL NUMBER: S3066A TITLE OF BILL : An act to amend the tax law, in relation to establishing a personal income tax credit for certain employees who served in a position or positions in the classified service of the state of New York, designated managerial or confidential pursuant to article fourteen of the civil service law PURPOSE OR GENERAL IDEA OF BILL : This bill provides certain employees designated managerial or confidential to receive a tax credit to partially replace the value of salary increases that were withheld in 2009 and/or 2010. SUMMARY OF PROVISIONS : Amends section 606 of the tax law by adding a new subsection (ccc) to provide a tax credit to certain employees designated managerial or confidential and retired between April 1, 2009 and March 31, 2019. JUSTIFICATION : This measure provides a tax credit to those management confidential employees that retired after having salary increases withheld for 2009
2017-S3066A - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3066--A 2017-2018 Regular Sessions I N S E N A T E January 19, 2017 ___________ Introduced by Sen. YOUNG -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the tax law, in relation to establishing a personal income tax credit for certain employees who served in a position or positions in the classified service of the state of New York, desig- nated managerial or confidential pursuant to article fourteen of the civil service law 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) MANAGEMENT/CONFIDENTIAL PERSONAL INCOME TAX CREDIT. (1) A TAXPAYER WHO SERVED IN A POSITION OR POSITIONS IN THE CLASSIFIED SERVICE OF THE STATE OF NEW YORK DESIGNATED MANAGERIAL OR CONFIDENTIAL PURSUANT TO ARTICLE FOURTEEN OF THE CIVIL SERVICE LAW AND HAS RETIRED OR IS RETIRING BETWEEN APRIL FIRST, TWO THOUSAND NINE AND MARCH THIRTY-FIRST, TWO THOUSAND NINETEEN AND HAD A SALARY INCREASE AUTHORIZED UNDER CHAPTER TEN OF THE LAWS OF TWO THOUSAND EIGHT WHICH WAS WITHHELD FOR THE FISCAL YEARS TWO THOUSAND NINE AND/OR TWO THOUSAND TEN SHALL BE ALLOWED A CRED- IT AGAINST THE TAX IMPOSED BY THIS ARTICLE OF UP TO ONE THOUSAND DOLLARS ANNUALLY FOR FIVE YEARS. THE COMPTROLLER SHALL CERTIFY TO THE DEPARTMENT A LISTING OF ALL SUCH TAXPAYERS DEEMED ELIGIBLE AS DEFINED ABOVE. (2) ANY TAX CREDIT NOT USED IN THE TAXABLE YEAR OF RETIREMENT MAY BE CARRIED FORWARD OR BACKWARDS FOR THREE CALENDAR YEARS UNTIL THE FULL CREDIT HAS BEEN ALLOWED. § 2. This act shall take effect immediately and shall apply to taxable years beginning on and after January 1, 2017. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD08573-02-7
co-Sponsors
(R) Senate District
2017-S3066B (ACTIVE) - Details
- See Assembly Version of this Bill:
- A5211
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd §606, Tax L
- Versions Introduced in 2019-2020 Legislative Session:
-
S892
2017-S3066B (ACTIVE) - Sponsor Memo
BILL NUMBER: S3066B SPONSOR: YOUNG TITLE OF BILL: An act to amend the tax law, in relation to establish- ing a personal income tax credit for certain employees who served in a position or positions in the classified service of the state of New York, designated managerial or confidential pursuant to article fourteen of the civil service law PURPOSE OR GENERAL IDEA OF BILL: This bill provides certain employees designated managerial or confiden- tial to receive a tax credit to partially replace the value of salary increases that were withheld in 2009 and /or 2010. SUMMARY OF PROVISIONS: Amends section 606 of the tax law by adding a new subsection (ccc) to provide a tax credit to certain employees designated managerial or confidential and retired between April 1, 2009 and March 31, 2020.
2017-S3066B (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3066--B 2017-2018 Regular Sessions I N S E N A T E January 19, 2017 ___________ Introduced by Sens. YOUNG, BOYLE -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Government Operations -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee -- 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 commit- tee AN ACT to amend the tax law, in relation to establishing a personal income tax credit for certain employees who served in a position or positions in the classified service of the state of New York, desig- nated managerial or confidential pursuant to article fourteen of the civil service law 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) MANAGEMENT/CONFIDENTIAL PERSONAL INCOME TAX CREDIT. (1) A TAXPAYER WHO SERVED IN A POSITION OR POSITIONS IN THE CLASSIFIED SERVICE OF THE STATE OF NEW YORK DESIGNATED MANAGERIAL OR CONFIDENTIAL PURSUANT TO ARTICLE FOURTEEN OF THE CIVIL SERVICE LAW AND HAS RETIRED OR IS RETIRING BETWEEN APRIL FIRST, TWO THOUSAND NINE AND MARCH THIRTY-FIRST, TWO THOUSAND TWENTY AND HAD A SALARY INCREASE AUTHORIZED UNDER CHAPTER TEN OF THE LAWS OF TWO THOUSAND EIGHT WHICH WAS WITHHELD FOR THE FISCAL YEARS TWO THOUSAND NINE AND/OR TWO THOUSAND TEN SHALL BE ALLOWED A CRED- IT AGAINST THE TAX IMPOSED BY THIS ARTICLE OF UP TO ONE THOUSAND DOLLARS ANNUALLY FOR FIVE YEARS. THE COMPTROLLER SHALL CERTIFY TO THE DEPARTMENT A LISTING OF ALL SUCH TAXPAYERS DEEMED ELIGIBLE AS DEFINED ABOVE. (2) ANY TAX CREDIT NOT USED IN THE TAXABLE YEAR OF RETIREMENT MAY BE CARRIED FORWARD OR BACKWARDS FOR THREE CALENDAR YEARS UNTIL THE FULL CREDIT HAS BEEN ALLOWED. § 2. This act shall take effect immediately and shall apply to taxable years beginning on and after January 1, 2018.
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