Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 19, 2018 |
referred to investigations and government operations |
Senate Bill S7528
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
2017-S7528 (ACTIVE) - Details
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd §615, Tax L
- Versions Introduced in 2019-2020 Legislative Session:
-
S3629
2017-S7528 (ACTIVE) - Sponsor Memo
BILL NUMBER: S7528 SPONSOR: RANZENHOFER TITLE OF BILL: An act to amend the tax law, in relation to allowing an additional New York itemized deduction for federal income taxes paid PURPOSE: To allow New York taxpayers to deduct from their income for New York State income taxes purposes the federal taxes paid during the taxable year. SUMMARY OF PROVISIONS: Section 1 amends subsection (d) of section 615 of the Tax Law to add a new paragraph 6, which adds as a deduction the amount of federal income taxes paid during the taxable year, with a deduction limit of five thou- sand dollars for an unmarried individual or a married couple filing separately, and ten thousand dollars for married individuals filing a joint return.
2017-S7528 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7528 I N S E N A T E January 19, 2018 ___________ Introduced by Sen. RANZENHOFER -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Government Operations AN ACT to amend the tax law, in relation to allowing an additional New York itemized deduction for federal income taxes paid THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subsection (d) of section 615 of the tax law is amended by adding a new paragraph 6 to read as follows: (6) THE AMOUNT, NOT EXCEEDING FIVE THOUSAND DOLLARS FOR AN UNMARRIED INDIVIDUAL OR A MARRIED INDIVIDUAL FILING A SEPARATE RETURN, OR TEN THOUSAND DOLLARS FOR MARRIED INDIVIDUALS FILING A JOINT RETURN, OF FEDERAL INCOME TAXES PAID DURING THE TAXABLE YEAR. § 2. This act shall take effect January 1, 2019. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD14124-01-8
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