Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 09, 2019 |
referred to investigations and government operations |
Senate Bill S892
2019-2020 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
co-Sponsors
(R) Senate District
2019-S892 (ACTIVE) - Details
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd §606, Tax L
- Versions Introduced in 2017-2018 Legislative Session:
-
S3066
2019-S892 (ACTIVE) - Sponsor Memo
BILL NUMBER: S892 SPONSOR: YOUNG TITLE OF BILL: An act to amend the tax law, in relation to establishing a personal income tax credit for certain employees who served in a position or positions in the classified service of the state of New York, designated managerial or confidential pursuant to article fourteen of the civil service law PURPOSE OR GENERAL IDEA OF BILL: This bill provides certain employees designated managerial or confiden- tial to receive a tax credit to partially replace the value of salary increases that were withheld in 2009 and /or 2010. SUMMARY OF PROVISIONS: Amends section 606 of the tax law by adding a new subsection (ccc) to provide a tax credit to certain employees designated managerial or
2019-S892 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 892 2019-2020 Regular Sessions I N S E N A T E January 9, 2019 ___________ Introduced by Sens. YOUNG, BOYLE -- 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 establishing a personal income tax credit for certain employees who served in a position or positions in the classified service of the state of New York, desig- nated managerial or confidential pursuant to article fourteen of the civil service law 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) MANAGEMENT/CONFIDENTIAL PERSONAL INCOME TAX CREDIT. (1) A TAXPAYER WHO SERVED IN A POSITION OR POSITIONS IN THE CLASSIFIED SERVICE OF THE STATE OF NEW YORK DESIGNATED MANAGERIAL OR CONFIDENTIAL PURSUANT TO ARTICLE FOURTEEN OF THE CIVIL SERVICE LAW AND HAS RETIRED OR IS RETIRING BETWEEN APRIL FIRST, TWO THOUSAND NINE AND MARCH THIRTY-FIRST, TWO THOUSAND TWENTY AND HAD A SALARY INCREASE AUTHORIZED UNDER CHAPTER TEN OF THE LAWS OF TWO THOUSAND EIGHT WHICH WAS WITHHELD FOR THE FISCAL YEARS TWO THOUSAND NINE AND/OR TWO THOUSAND TEN SHALL BE ALLOWED A CRED- IT AGAINST THE TAX IMPOSED BY THIS ARTICLE OF UP TO ONE THOUSAND DOLLARS ANNUALLY FOR FIVE YEARS. THE COMPTROLLER SHALL CERTIFY TO THE DEPARTMENT A LISTING OF ALL SUCH TAXPAYERS DEEMED ELIGIBLE AS DEFINED ABOVE. (2) ANY TAX CREDIT NOT USED IN THE TAXABLE YEAR OF RETIREMENT MAY BE CARRIED FORWARD OR BACKWARDS FOR THREE CALENDAR YEARS UNTIL THE FULL CREDIT HAS BEEN ALLOWED. § 2. This act shall take effect immediately and shall apply to taxable years beginning on and after January 1, 2019. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD04141-01-9
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