Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 08, 2020 |
referred to ways and means |
Mar 05, 2019 |
referred to ways and means |
Assembly Bill A6307
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
2019-A6307 (ACTIVE) - Details
- Current Committee:
- Assembly Ways And Means
- Law Section:
- Tax Law
- Laws Affected:
- Amd §211, Tax L
2019-A6307 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6307 2019-2020 Regular Sessions I N A S S E M B L Y March 5, 2019 ___________ Introduced by M. of A. ORTIZ -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to the periodic reporting of tax payments by major corporations THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The opening paragraph of subdivision 1 of section 211 of the tax law is designated paragraph (a) and a new paragraph (b) is added to read as follows: (B) EVERY PUBLICLY-TRADED CORPORATION OBLIGATED TO FILE BOTH AN ANNUAL REPORT PURSUANT TO SECTION THIRTEEN OR FIFTEEN (D) OF THE FEDERAL SECU- RITIES AND EXCHANGE ACT OF 1934 OR ANY OF ITS SUCCESSOR ACTS AND A FRAN- CHISE TAX RETURN PURSUANT TO THIS ARTICLE SHALL, AT THE SAME TIME IT FILES A REPORT PURSUANT TO PARAGRAPH (A) OF THIS SUBDIVISION, SUBMIT TO THE COMMISSIONER AN ADDITIONAL REPORT IN A FORM PRESCRIBED BY THE COMMISSIONER. THE FORM SHALL CONTAIN: (I) THE NAME OF THE CORPORATION AND THE STREET ADDRESS OF ITS PRINCI- PAL OFFICE; (II) ITS TOTAL GROSS PROFIT; (III) ANY DEDUCTION OR OTHER OFFSET WHICH REDUCES INCOME SUBJECT TO TAXATION OR ANY CREDIT WHICH REDUCES THE TAX LIABILITY BY GREATER THAN FIVE PERCENT; (IV) ANY CREDIT WHICH REDUCES THE TAX LIABILITY BY GREATER THAN FIVE PERCENT WHICH IS CARRIED OVER FROM THE PREVIOUS YEAR OR YEARS; (V) ANY UNUSED CREDIT WHICH REDUCES THE TAX LIABILITY BY GREATER THAN FIVE PERCENT WHICH WILL BE CARRIED OVER TO THE FOLLOWING YEAR OR YEARS; (VI) ITS TOTAL NET TAXABLE INCOME; (VII) THE PERCENTAGE USED TO ESTABLISH WHAT PORTION OF TOTAL NET TAXA- BLE INCOME IS APPORTIONED TO NEW YORK; (VIII) ITS INCOME TAXABLE IN NEW YORK; EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10087-01-9
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