Bill Text: NY S00892 | 2019-2020 | General Assembly | Introduced

New York Senate Bill 892 (Prior Session Legislation)

Introduced

Bill Title: Provides a tax credit for certain state employees who served in a position or positions in the classified service of the state of New York designated managerial or confidential pursuant to article fourteen of the civil service law.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced - Dead) 2019-01-09 - REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS [S00892 Detail]

Download: New_York-2019-S00892-Introduced.html



                STATE OF NEW YORK
        ________________________________________________________________________
                                           892
                               2019-2020 Regular Sessions
                    IN SENATE
                                     January 9, 2019
                                       ___________
        Introduced  by Sens. YOUNG, BOYLE -- read twice and ordered printed, and
          when printed to be committed to the Committee  on  Investigations  and
          Government Operations
        AN  ACT  to  amend  the  tax law, in relation to establishing a personal
          income tax credit for certain employees who served in  a  position  or
          positions  in  the classified service of the state of New York, desig-
          nated managerial or confidential pursuant to article fourteen  of  the
          civil service law
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Section 606 of the tax law  is  amended  by  adding  a  new
     2  subsection (jjj) to read as follows:
     3    (jjj)  Management/confidential  personal  income  tax  credit.  (1)  A
     4  taxpayer who served in a position or positions in the classified service
     5  of the state of New York designated managerial or confidential  pursuant
     6  to  article  fourteen  of  the  civil  service law and has retired or is
     7  retiring between April first, two thousand nine and March  thirty-first,
     8  two  thousand  twenty and had a salary increase authorized under chapter
     9  ten of the laws of two thousand eight which was withheld for the  fiscal
    10  years two thousand nine and/or two thousand ten shall be allowed a cred-
    11  it against the tax imposed by this article of up to one thousand dollars
    12  annually for five years. The comptroller shall certify to the department
    13  a listing of all such taxpayers deemed eligible as defined above.
    14    (2)  Any  tax credit not used in the taxable year of retirement may be
    15  carried forward or backwards for three calendar  years  until  the  full
    16  credit has been allowed.
    17    § 2. This act shall take effect immediately and shall apply to taxable
    18  years beginning on and after January 1, 2019.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD04141-01-9