Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 08, 2020 |
referred to ways and means |
Jan 28, 2019 |
referred to ways and means |
Assembly Bill A3142
2019-2020 Legislative Session
Sponsored By
ORTIZ
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
Actions
multi-Sponsors
Robin Schimminger
2019-A3142 (ACTIVE) - Details
2019-A3142 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3142 2019-2020 Regular Sessions I N A S S E M B L Y January 28, 2019 ___________ Introduced by M. of A. ORTIZ -- Multi-Sponsored by -- M. of A. SCHIM- MINGER -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to creating a personal income tax credit for fuel used for non-business purposes 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 (jjj) to read as follows: (JJJ) PERSONAL VEHICLE FUEL CREDIT. (1) ALLOWANCE OF CREDIT. A TAXPAY- ER IS ALLOWED A CREDIT AGAINST THE TAX IMPOSED BY THIS ARTICLE FOR QUAL- IFIED FUEL EXPENSES IN AN AMOUNT AS DETERMINED IN ACCORDANCE WITH PARA- GRAPH TWO OF THIS SUBSECTION. (2) AMOUNT OF CREDIT. THE AMOUNT OF THE CREDIT SHALL BE EQUAL TO THE TOTAL COST OF THE QUALIFIED FUEL EXPENSES ACTUALLY INCURRED BY THE TAXPAYER FOR THE TAXABLE YEAR SUBJECT TO THE FOLLOWING RESTRICTIONS. (I) IF A TAXPAYER HAS A GROSS INCOME EQUAL TO OR MORE THAN TWENTY-FIVE THOUSAND DOLLARS, THE AMOUNT OF THE CREDIT SHALL BE NO MORE THAN ONE HUNDRED DOLLARS. (II) IF A TAXPAYER HAS A GROSS INCOME EQUAL TO OR MORE THAN TWENTY- THREE THOUSAND DOLLARS BUT LESS THAN TWENTY-FIVE THOUSAND DOLLARS, THE AMOUNT OF THE CREDIT SHALL BE NO MORE THAN ONE HUNDRED THIRTY DOLLARS. (III) IF A TAXPAYER HAS A GROSS INCOME EQUAL TO OR MORE THAN TWENTY- ONE THOUSAND DOLLARS BUT LESS THAN TWENTY-THREE THOUSAND DOLLARS, THE AMOUNT OF THE CREDIT SHALL BE NO MORE THAN ONE HUNDRED SIXTY DOLLARS. (IV) IF A TAXPAYER HAS A GROSS INCOME EQUAL TO OR MORE THAN NINETEEN THOUSAND DOLLARS BUT LESS THAN TWENTY-ONE THOUSAND DOLLARS, THE AMOUNT OF THE CREDIT SHALL BE NO MORE THAN ONE HUNDRED NINETY DOLLARS. (V) IF A TAXPAYER HAS A GROSS INCOME EQUAL TO OR MORE THAN SEVENTEEN THOUSAND DOLLARS BUT LESS THAN NINETEEN THOUSAND DOLLARS, THE AMOUNT OF THE CREDIT SHALL BE NO MORE THAN TWO HUNDRED TWENTY DOLLARS. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD07140-01-9
Comments
Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.
Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.
Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.