Bill Text: NY S00092 | 2017-2018 | General Assembly | Amended

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

Sponsorship: Partisan Bill (Democrat 1)

Status: (Engrossed - Dead) 2018-06-04 - referred to ways and means [S00092 Detail]

Download: New_York-2017-S00092-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          92--A
            Cal. No. 397
                               2017-2018 Regular Sessions
                    IN SENATE
                                       (Prefiled)
                                     January 4, 2017
                                       ___________
        Introduced  by  Sen. HOYLMAN -- read twice and ordered printed, and when
          printed to be committed to the Committee on Investigations and Govern-
          ment Operations -- reported favorably from said committee, ordered  to
          first  and second report, amended on second report, ordered to a third
          reading, and to be reprinted as amended, retaining its  place  in  the
          order of third reading
        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.
                                                                   LBD05313-02-7