Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 05, 2022 |
referred to ways and means |
Apr 14, 2021 |
referred to ways and means |
Assembly Bill A6962
2021-2022 Legislative Session
Sponsored By
PAULIN
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
co-Sponsors
Rebecca Seawright
2021-A6962 (ACTIVE) - Details
- See Senate Version of this Bill:
- S4355
- Current Committee:
- Assembly Ways And Means
- Law Section:
- Tax Law
- Laws Affected:
- Add §622, Tax L
2021-A6962 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6962 2021-2022 Regular Sessions I N A S S E M B L Y April 14, 2021 ___________ Introduced by M. of A. PAULIN -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to excluding from state income tax certain pandemic relief funds THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The tax law is amended by adding a new section 622 to read as follows: § 622. PANDEMIC RELIEF FUNDS RECEIVED EXEMPT FROM STATE INCOME TAX. 1. ANY FUNDS RECEIVED BY A RESIDENT OF THE STATE PURSUANT TO FEDERAL PANDEMIC UNEMPLOYMENT COMPENSATION BENEFITS SHALL NOT BE CONSIDERED INCOME FOR STATE INCOME TAX PURPOSES AND SHALL BE EXEMPT FROM STATE TAXATION. 2. IF A RESIDENT OF THE STATE SHALL RECEIVE A FOUR HUNDRED DOLLAR WEEKLY ASSISTANCE PAYMENT PURSUANT TO A LOST WAGES ASSISTANCE PROGRAM APPROVED BY THE SECRETARY OF HOMELAND SECURITY ACTING THROUGH THE FEDER- AL EMERGENCY MANAGEMENT AGENCY ADMINISTRATOR AS PART OF THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT (CARES ACT), THE THREE HUNDRED DOLLAR PORTION OF EACH PAYMENT REFLECTING A FEDERAL CONTRIBUTION SHALL NOT BE CONSIDERED INCOME FOR STATE INCOME TAX PURPOSES AND SHALL BE EXEMPT FROM STATE TAXATION. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD06323-02-1
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