NY S08991 | 2017-2018 | General Assembly

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Engrossed on June 19 2018 - 50% progression, died in committee
Action: 2018-06-19 - referred to ways and means
Pending: Assembly Ways and Means Committee
Text: Latest bill text (Amended) [HTML]

Summary

Relates to the definitions of the terms "CFC income" and "entire net income"; provides that exempt CFC income shall include income required to be included in a taxpayer's federal gross income pursuant to subsection (a) of section 951A of the internal revenue code; excludes the amount of any federal deduction allowed pursuant to section 250(a)(1)(B)(i) of the IRC from being included in the calculation of entire net income.

Tracking Information

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Title

Relates to the definitions of the terms "CFC income" and "entire net income"; provides that exempt CFC income shall include income required to be included in a taxpayer's federal gross income pursuant to subsection (a) of section 951A of the internal revenue code; excludes the amount of any federal deduction allowed pursuant to section 250(a)(1)(B)(i) of the IRC from being included in the calculation of entire net income.

Sponsors


Roll Calls

2018-06-19 - Senate - Senate Floor Vote - Final Passage (Y: 59 N: 3 NV: 0 Abs: 1) [PASS]
2018-06-19 - Senate - Senate Rules Committee Vote (Y: 24 N: 1 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2018-06-19Assemblyreferred to ways and means
2018-06-19SenateDELIVERED TO ASSEMBLY
2018-06-19SenatePASSED SENATE
2018-06-19SenateORDERED TO THIRD READING CAL.1987
2018-06-14SenatePRINT NUMBER 8991A
2018-06-14SenateAMEND AND RECOMMIT TO RULES
2018-06-11SenateREFERRED TO RULES

New York State Sources


Bill Comments

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