Bill Text: NY S01322 | 2015-2016 | General Assembly | Amended

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Bill Title: Provides that employers shall notify employees of potential state and federal earned income tax credits and delineates the contents, timing and manner of providing notice as well as options available to the employer.

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Introduced - Dead) 2016-01-21 - PRINT NUMBER 1322A [S01322 Detail]

Download: New_York-2015-S01322-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                         1322--A
                               2015-2016 Regular Sessions
                    IN SENATE
                                    January 12, 2015
                                       ___________
        Introduced  by  Sens.  MONTGOMERY,  SQUADRON  --  read twice and ordered
          printed, and when printed to be committed to the Committee on Investi-
          gations and Government Operations -- recommitted to the  Committee  on
          Investigations  and  Government  Operations  in accordance with Senate
          Rule  6,  sec.  8  --  committee  discharged,  bill  amended,  ordered
          reprinted as amended and recommitted to said committee
        AN  ACT  to  amend  the  tax  law, in relation to requiring employers to
          provide notice of potential eligibility for federal and New York state
          earned income tax credits
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1.  Paragraph  6  of subsection (d) of section 606 of the tax
     2  law, as amended by section 3 of part V of chapter  60  of  the  laws  of
     3  2004, is amended to read as follows:
     4    (6)  Notification.    (i) The commissioner shall periodically, but not
     5  less than every three years, make efforts to alert taxpayers that may be
     6  currently eligible to receive the credit provided under this subsection,
     7  and the  credit  provided  under  any  local  law  enacted  pursuant  to
     8  subsection  (f)  of  section thirteen hundred ten of this chapter, as to
     9  their potential eligibility. In making the determination  of  whether  a
    10  taxpayer  may  be  eligible  for such credit, the commissioner shall use
    11  such data as may be appropriate and available, including, but not limit-
    12  ed to, data available from the United  States  Department  of  Treasury,
    13  Internal  Revenue  Service  and  New  York  state income tax returns for
    14  preceding tax years.
    15    (ii) Except as set forth in clause (d) of this subparagraph, employers
    16  with persons in their employ in  New  York  state  for  whom  they  must
    17  provide  an  annual  wage  summary  shall each year furnish to each such
    18  person a notice that he or she may be eligible for a state earned income
    19  tax credit pursuant to this subsection and a federal earned  income  tax
    20  credit pursuant to section thirty-two of the internal revenue code.  For
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD00011-02-6