Senate Bill S6974A

2017-2018 Legislative Session

Relates to federal income tax terms and their applicability to state tax law

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Sponsored By

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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Bill Amendments

co-Sponsors

2017-S6974 - Details

See Assembly Version of this Bill:
A9061
Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd §§607, 614 & 615, Tax L

2017-S6974 - Summary

Relates to federal income tax terms and their applicability to state tax law; relates to the New York standard deduction of certain resident individuals; authorizes a resident individual to elect to deduct his New York itemized deduction in lieu of his New York standard deduction.

2017-S6974 - Sponsor Memo

2017-S6974 - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6974
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                             December 21, 2017
                                ___________
 
 Introduced  by  Sen.  FELDER -- read twice and ordered printed, and when
   printed to be committed to the Committee on Rules
 
 AN ACT to amend the tax law, in relation to federal income tax terms and
   their applicability to state tax law
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subsection (a) of section 607 of the tax law, as amended by
 chapter 28 of the laws of 1987, is amended to read as follows:
   (a) General. Any term used in this article shall have the same meaning
 as  when  used  in a comparable context in the laws of the United States
 relating to federal income taxes, unless a different meaning is  clearly
 required  but such meaning shall be subject to the exceptions or modifi-
 cations prescribed in this article or by statute. Any reference in  this
 article  to  the  laws of the United States shall mean the provisions of
 the internal revenue code  of  nineteen  hundred  eighty-six  (unless  a
 reference to the internal revenue code of nineteen hundred fifty-four is
 clearly  intended), and amendments thereto[, and other provisions of the
 laws of the United States relating to federal income taxes, as the  same
 may  be  or  become  effective  at any time or from time to time for the
 taxable year] MADE PRIOR TO DECEMBER 1, 2017.
   § 2. This act shall take effect immediately.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD13953-02-7



              

co-Sponsors

2017-S6974A (ACTIVE) - Details

See Assembly Version of this Bill:
A9061
Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd §§607, 614 & 615, Tax L

2017-S6974A (ACTIVE) - Summary

Relates to federal income tax terms and their applicability to state tax law; relates to the New York standard deduction of certain resident individuals; authorizes a resident individual to elect to deduct his New York itemized deduction in lieu of his New York standard deduction.

2017-S6974A (ACTIVE) - Sponsor Memo

2017-S6974A (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  6974--A
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                             December 21, 2017
                                ___________
 
 Introduced  by  Sens.  FELDER, GALLIVAN, GOLDEN, JACOBS, RITCHIE -- read
   twice and ordered printed, and when printed to  be  committed  to  the
   Committee  on  Rules -- 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 federal income tax terms and
   their applicability to state tax law; in  relation  to  the  New  York
   standard deduction of certain resident individuals; and in relation to
   the New York itemized deduction
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subsection (a) of section 607 of the tax law, as amended by
 chapter 28 of the laws of 1987, is amended to read as follows:
   (a) General. Any term used in this article shall have the same meaning
 as when used in a comparable context in the laws of  the  United  States
 relating  to federal income taxes, unless a different meaning is clearly
 required but such meaning shall be subject to the exceptions or  modifi-
 cations  prescribed in this article or by statute. Any reference in this
 article to the laws of the United States shall mean  the  provisions  of
 the  internal  revenue  code  of  nineteen  hundred eighty-six (unless a
 reference to the internal revenue code of nineteen hundred fifty-four is
 clearly intended), and amendments thereto[, and other provisions of  the
 laws  of the United States relating to federal income taxes, as the same
 may be or become effective at any time or from  time  to  time  for  the
 taxable year] MADE PRIOR TO DECEMBER 1, 2017.
   § 2. Subsection (a) of section 614 of the tax law, as amended by chap-
 ter 170 of the laws of 1994, is amended to read as follows:
   (a)  Unmarried  individual. For taxable years beginning after nineteen
 hundred ninety-six, the New York standard deduction of a resident  indi-
 vidual  who  is  not married nor the head of a household nor a surviving
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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