Bill Text: NY S04745 | 2013-2014 | General Assembly | Amended


Bill Title: Relates to the issuance of family tax relief credit.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2014-01-24 - PRINT NUMBER 4745B [S04745 Detail]

Download: New_York-2013-S04745-Amended.html
                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                        4745--B
                              2013-2014 Regular Sessions
                                   I N  S E N A T E
                                    April 22, 2013
                                      ___________
       Introduced  by  Sen. LATIMER -- read twice and ordered printed, and when
         printed to be committed to the Committee on Investigations and Govern-
         ment  Operations  --  committee  discharged,  bill  amended,   ordered
         reprinted  as amended and recommitted to said committee -- 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  commit-
         tee
       AN ACT to amend the tax law, in relation to the family tax relief credit
         and to repeal certain provisions of such law relating thereto
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Paragraph 1 of subsection (vv) of section 606  of  the  tax
    2  law, as added by section 1 of part CC of chapter 59 of the laws of 2013,
    3  is amended to read as follows:
    4    1. An individual taxpayer who meets the eligibility standards in para-
    5  graph two of this subsection shall be allowed a credit against the taxes
    6  imposed  by  this  article of three hundred fifty dollars per return for
    7  tax years two thousand fourteen[,] AND two thousand  fifteen[,  and  two
    8  thousand sixteen].
    9    S  2.  Paragraph 4 of subsection (vv) of section 606 of the tax law is
   10  REPEALED and paragraph 5 is renumbered paragraph 4.
   11    S 3. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD10471-05-4
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