Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
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Jan 08, 2020 |
referred to budget and revenue |
Mar 11, 2019 |
referred to budget and revenue |
Senate Bill S4359
2019-2020 Legislative Session
Sponsored By
(R, C, IP, RFM) Senate District
Archive: Last Bill Status - In Senate Committee Budget And Revenue 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
co-Sponsors
(R, C, IP, RFM) Senate District
(R) Senate District
(R, C) 60th Senate District
(R, C, IP) 54th Senate District
2019-S4359 (ACTIVE) - Details
2019-S4359 (ACTIVE) - Sponsor Memo
BILL NUMBER: S4359 SPONSOR: SEWARD TITLE OF BILL: An act to amend the tax law, in relation to providing an income tax credit for retired disabled police officers PURPOSE: To provide the provide an income tax credit for retired disabled police officers. SUMMARY OF PROVISIONS: Section 1 amends § 606 of the tax law by adding a new subsection provid- ing the retired disabled police officer tax credit. Section 2 states the effective date. JUSTIFICATION:
2019-S4359 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4359 2019-2020 Regular Sessions I N S E N A T E March 11, 2019 ___________ Introduced by Sens. SEWARD, AKSHAR, BOYLE, GALLIVAN, YOUNG -- read twice and ordered printed, and when printed to be committed to the Committee on Budget and Revenue AN ACT to amend the tax law, in relation to providing an income tax credit for retired disabled police officers 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 (e-3) to read as follows: (E-3) RETIRED DISABLED POLICE OFFICER CREDIT. (1) FOR TAXABLE YEARS BEGINNING ON AND AFTER JANUARY FIRST, TWO THOUSAND TWENTY, A RESIDENT TAXPAYER WHO WAS A POLICE OFFICER IN THIS STATE WHO WAS RETIRED FOR DISABILITY SHALL BE ALLOWED A CREDIT AGAINST THE TAX IMPOSED BY THIS ARTICLE EQUAL TO SEVEN HUNDRED FIFTY DOLLARS. (2) IF THE AMOUNT OF THE CREDIT ALLOWED UNDER THIS SUBSECTION FOR ANY TAXABLE YEAR SHALL EXCEED THE TAXPAYER'S TAX FOR SUCH YEAR, THE EXCESS SHALL BE TREATED AS AN OVERPAYMENT OF TAX TO BE CREDITED OR REFUNDED IN ACCORDANCE WITH THE PROVISIONS OF SECTION SIX HUNDRED EIGHTY-SIX OF THIS ARTICLE, PROVIDED, HOWEVER, THAT NO INTEREST SHALL BE PAID THEREON. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09782-01-9
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