Bill Text: NY A00051 | 2019-2020 | General Assembly | Introduced

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Bill Title: Eliminates the one-year time requirement for aggregation payments.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2020-01-08 - referred to ways and means [A00051 Detail]

Download: New_York-2019-A00051-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                           51
                               2019-2020 Regular Sessions
                   IN ASSEMBLY
                                       (Prefiled)
                                     January 9, 2019
                                       ___________
        Introduced by M. of A. BUCHWALD -- read once and referred to the Commit-
          tee on Ways and Means
        AN  ACT  to  amend  the tax law, in relation to eliminating the one-year
          time requirement for aggregation payments
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1.  Section  1807  of the tax law, as amended by section 5 of
     2  subpart A of part S of chapter 57 of the laws of  2010,  is  amended  to
     3  read as follows:
     4    §  1807.  Aggregation.  For purposes of this article, the payments due
     5  and not paid under a single article of this chapter pursuant to a common
     6  scheme or plan or due and not paid, [within one year,] may be charged in
     7  a single count, and the amount  of  underpaid  tax  liability  incurred,
     8  [within one year,] may be aggregated in a single count.
     9    §  2. This act shall take effect on the first of January next succeed-
    10  ing the date upon which it shall have become a law.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD00700-01-9