Assembly Bill A3705

2023-2024 Legislative Session

Excludes from state income tax unemployment compensation benefits

download bill text pdf

Sponsored By

Current 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

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2023-A3705 (ACTIVE) - Details

Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd §612, Tax L
Versions Introduced in 2021-2022 Legislative Session:
A6584

2023-A3705 (ACTIVE) - Summary

Excludes from state income tax up to $10,200 of unemployment compensation benefits earned by a resident of the state.

2023-A3705 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3705
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 7, 2023
                                ___________
 
 Introduced  by  M.  of  A.  RAJKUMAR,  FALL,  CRUZ, MITAYNES, SEAWRIGHT,
   L. ROSENTHAL, PAULIN, DINOWITZ  --  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 unemployment compensation benefits

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1. Subsection (c) of section 612 of the tax law is amended by
 adding a new paragraph 47 to read as follows:
   (47) FOR EACH TAXABLE YEAR BEGINNING ON AND AFTER JANUARY  FIRST,  TWO
 THOUSAND TWENTY-TWO, AN AMOUNT UP TO TEN THOUSAND TWO HUNDRED DOLLARS OF
 UNEMPLOYMENT COMPENSATION RECEIVED BY A TAXPAYER.
   § 2. This act shall take effect immediately.
 
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD07949-01-3

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