Bill Text: NY S05277 | 2011-2012 | General Assembly | Introduced
Bill Title: Relates to increasing income tax rates on incomes over one million dollars.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2012-01-04 - REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS [S05277 Detail]
Download: New_York-2011-S05277-Introduced.html
S T A T E O F N E W Y O R K ________________________________________________________________________ 5277 2011-2012 Regular Sessions I N S E N A T E May 3, 2011 ___________ Introduced by Sen. AVELLA -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations AN ACT to amend the tax law, in relation to increases on income tax rates on incomes over one million dollars THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: 1 Section 1. Subsections (a), (b), and (c) of section 601 of the tax 2 law, as amended by section 1 of part Z-1 of chapter 57 of the laws of 3 2009, are amended to read as follows: 4 (a) Resident married individuals filing joint returns and resident 5 surviving spouses. There is hereby imposed for each taxable year on the 6 New York taxable income of every resident married individual who makes a 7 single return jointly with his spouse under subsection (b) of section 8 six hundred fifty-one and on the New York taxable income of every resi- 9 dent surviving spouse a tax determined in accordance with the following 10 tables: 11 (1) FOR TAXABLE YEARS BEGINNING AFTER TWO THOUSAND ELEVEN AND BEFORE 12 TWO THOUSAND THIRTEEN: 13 IF THE NEW YORK TAXABLE INCOME IS: THE TAX IS: 14 NOT OVER $16,000 4% OF THE NEW YORK TAXABLE 15 INCOME 16 OVER $16,000 BUT NOT OVER $22,000 $640 PLUS 4.5% OF EXCESS OVER 17 $16,000 18 OVER $22,000 BUT NOT OVER $26,000 $910 PLUS 5.25% OF EXCESS OVER 19 $22,000 20 OVER $26,000 BUT NOT OVER $40,000 $1,120 PLUS 5.9% OF EXCESS OVER 21 $26,000 22 OVER $40,000 BUT NOT OVER $1,000,000 $1,946 PLUS 6.85% OF EXCESS OVER EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10917-01-1 S. 5277 2 1 $40,000 2 OVER $1,000,000 $67,706 PLUS 8.97% OF EXCESS OVER 3 $1,000,000 4 (2) For taxable years beginning after two thousand eight and before 5 two thousand twelve: 6 If the New York taxable income is: The tax is: 7 Not over $16,000 4% of the New York taxable 8 income 9 Over $16,000 but not over $22,000 $640 plus 4.5% of excess over 10 $16,000 11 Over $22,000 but not over $26,000 $910 plus 5.25% of excess over 12 $22,000 13 Over $26,000 but not over $40,000 $1,120 plus 5.9% of excess over 14 $26,000 15 Over $40,000 but not over $300,000 $1,946 plus 6.85% of excess over 16 $40,000 17 Over $300,000 but not over $500,000 $19,756 plus 7.85% of excess over 18 $300,000 19 Over $500,000 $35,456 plus 8.97% of excess over 20 $500,000 21 [(2)] (3) For taxable years beginning after two thousand five and before 22 two thousand nine and after two thousand [eleven] TWELVE: 23 If the New York taxable income is: The tax is: 24 Not over $16,000 4% of the New York taxable 25 income 26 Over $16,000 but not over $22,000 $640 plus 4.5% of excess over 27 $16,000 28 Over $22,000 but not over $26,000 $910 plus 5.25% of excess over 29 $22,000 30 Over $26,000 but not over $40,000 $1,120 plus 5.9% of excess over 31 $26,000 32 Over $40,000 $1,946 plus 6.85% of excess over 33 $40,000 34 [(3)] (4) For taxable years beginning in two thousand five: 35 If the New York taxable income is: The tax is: 36 Not over $16,000 4% of the New York taxable 37 income 38 Over $16,000 but not over $22,000 $640 plus 4.5% of excess over 39 $16,000 40 Over $22,000 but not over $26,000 $910 plus 5.25% of excess over 41 $22,000 42 Over $26,000 but not over $40,000 $1,120 plus 5.9% of excess over 43 $26,000 44 Over $40,000 but not over $150,000 $1,946 plus 6.85% of excess over 45 $40,000 46 Over $150,000 but not over $500,000 $9,481 plus 7.25% of excess over 47 $150,000 48 Over $500,000 $34,856 plus 7.7% of excess over 49 $500,000 S. 5277 3 1 [(4)] (5) For taxable years beginning in two thousand four: 2 If the New York taxable income is: The tax is: 3 Not over $16,000 4% of the New York taxable 4 income 5 Over $16,000 but not over $22,000 $640 plus 4.5% of excess over 6 $16,000 7 Over $22,000 but not over $26,000 $910 plus 5.25% of excess over 8 $22,000 9 Over $26,000 but not over $40,000 $1,120 plus 5.9% of excess over 10 $26,000 11 Over $40,000 but not over $150,000 $1,946 plus 6.85% of excess over 12 $40,000 13 Over $150,000 but not over $500,000 $9,481 plus 7.375% of excess over 14 $150,000 15 Over $500,000 $35,294 plus 7.7% of excess over 16 $500,000 17 [(5)] (6) For taxable years beginning in two thousand three: 18 If the New York taxable income is: The tax is: 19 Not over $16,000 4% of the New York taxable 20 income 21 Over $16,000 but not over $22,000 $640 plus 4.5% of excess over 22 $16,000 23 Over $22,000 but not over $26,000 $910 plus 5.25% of excess over 24 $22,000 25 Over $26,000 but not over $40,000 $1,120 plus 5.9% of excess over 26 $26,000 27 Over $40,000 but not over $150,000 $1,946 plus 6.85% of excess over 28 $40,000 29 Over $150,000 but not over $500,000 $9,481 plus 7.5% of excess over 30 $150,000 31 Over $500,000 $35,731 plus 7.7% of excess over 32 $500,000 33 [(6)] (7) For taxable years beginning after nineteen hundred ninety- 34 six and before two thousand three: 35 If the New York taxable income is: The tax is: 36 Not over $16,000 4% of the New York taxable 37 income 38 Over $16,000 but not over $22,000 $640 plus 4.5% of excess over 39 $16,000 40 Over $22,000 but not over $26,000 $910 plus 5.25% of excess over 41 $22,000 42 Over $26,000 but not over $40,000 $1,120 plus 5.9% of excess over 43 $26,000 44 Over $40,000 $1,946 plus 6.85% of excess over 45 $40,000 46 [(7)] (8) For taxable years beginning in nineteen hundred ninety-six: 47 If the New York taxable income is: The tax is: 48 Not over $11,000 4% of the New York taxable S. 5277 4 1 income 2 Over $11,000 but not over $16,000 $440 plus 5% of excess over 3 $11,000 4 Over $16,000 but not over $22,000 $690 plus 6% of excess over 5 $16,000 6 Over $22,000 $1,050 plus 7% of excess over 7 $22,000 8 [(8)] (9) For taxable years beginning in nineteen hundred ninety-five: 9 If the New York taxable income is: The tax is: 10 Not over $13,000 4.55% of the New York taxable 11 income 12 Over $13,000 but not over $19,000 $592 plus 5.55% of excess over 13 $13,000 14 Over $19,000 but not over $25,000 $925 plus 6.55% of excess over 15 $19,000 16 Over $25,000 $1,318 plus 7.5% of excess over 17 $25,000 18 [(9)] (10) For taxable years beginning after nineteen hundred eighty- 19 nine and before nineteen hundred ninety-five: 20 If the New York taxable income is: The tax is: 21 Not over $11,000 4% of the New York taxable 22 income 23 Over $11,000 but not over $16,000 $440 plus 5% of excess over 24 $11,000 25 Over $16,000 but not over $22,000 $690 plus 6% of excess over 26 $16,000 27 Over $22,000 but not over $26,000 $1,050 plus 7% of excess over 28 $22,000 29 Over $26,000 $1,330 plus 7.875% of excess over 30 $26,000 31 (b) Resident heads of households. There is hereby imposed for each 32 taxable year on the New York taxable income of every resident head of a 33 household a tax determined in accordance with the following tables: 34 (1) FOR TAXABLE YEARS BEGINNING AFTER TWO THOUSAND ELEVEN AND BEFORE 35 TWO THOUSAND THIRTEEN: 36 IF THE NEW YORK TAXABLE INCOME IS: THE TAX IS: 37 NOT OVER $11,000 4% OF THE NEW YORK TAXABLE 38 INCOME 39 OVER $11,000 BUT NOT OVER $15,000 $440 PLUS 4.5% OF EXCESS OVER 40 $11,000 41 OVER $15,000 BUT NOT OVER $17,000 $620 PLUS 5.25% OF EXCESS OVER 42 $15,000 43 OVER $17,000 BUT NOT OVER $30,000 $725 PLUS 5.9% OF EXCESS OVER 44 $17,000 45 OVER $30,000 BUT NOT OVER $1,000,000 $1,492 PLUS 6.85% OF EXCESS OVER 46 $30,000 47 OVER $1,000,000 $67,937 PLUS 8.97% OF EXCESS OVER 48 $1,000,000 49 (2) For taxable years beginning after two thousand eight and before 50 two thousand twelve: S. 5277 5 1 If the New York taxable income is: The tax is: 2 Not over $11,000 4% of the New York taxable 3 income 4 Over $11,000 but not over $15,000 $440 plus 4.5% of excess over 5 $11,000 6 Over $15,000 but not over $17,000 $620 plus 5.25% of excess over 7 $15,000 8 Over $17,000 but not over $30,000 $725 plus 5.9% of excess over 9 $17,000 10 Over $30,000 but not over $250,000 $1,492 plus 6.85% of excess over 11 $30,000 12 Over $250,000 but not over $500,000 $16,562 plus 7.85% of excess over 13 $250,000 14 Over $500,000 $36,187 plus 8.97% of excess over 15 $500,000 16 [(2)] (3) For taxable years beginning after two thousand five and 17 before two thousand nine and after two thousand [eleven] TWELVE: 18 If the New York taxable income is: The tax is: 19 Not over $11,000 4% of the New York taxable 20 income 21 Over $11,000 but not over $15,000 $440 plus 4.5% of excess over 22 $11,000 23 Over $15,000 but not over $17,000 $620 plus 5.25% of excess over 24 $15,000 25 Over $17,000 but not over $30,000 $725 plus 5.9% of excess over 26 $17,000 27 Over $30,000 $1,492 plus 6.85% of excess over 28 $30,000 29 [(3)] (4) For taxable years beginning in two thousand five: 30 If the New York taxable income is: The tax is: 31 Not over $11,000 4% of the New York taxable 32 income 33 Over $11,000 but not over $15,000 $440 plus 4.5% of excess over 34 $11,000 35 Over $15,000 but not over $17,000 $620 plus 5.25% of excess over 36 $15,000 37 Over $17,000 but not over $30,000 $725 plus 5.9% of excess over 38 $17,000 39 Over $30,000 but not over $125,000 $1,492 plus 6.85% of excess over 40 $30,000 41 Over $125,000 but not over $500,000 $8,000 plus 7.25% of excess over 42 $125,000 43 Over $500,000 $35,187 plus 7.7% of excess over 44 $500,000 45 [(4)] (5) For taxable years beginning in two thousand four: 46 If the New York taxable income is: The tax is: 47 Not over $11,000 4% of the New York taxable 48 income 49 Over $11,000 but not over $15,000 $440 plus 4.5% of excess over S. 5277 6 1 $11,000 2 Over $15,000 but not over $17,000 $620 plus 5.25% of excess over 3 $15,000 4 Over $17,000 but not over $30,000 $725 plus 5.9% of excess over 5 $17,000 6 Over $30,000 but not over $125,000 $1,492 plus 6.85% of excess over 7 $30,000 8 Over $125,000 but not over $500,000 $8,000 plus 7.375% of excess over 9 $125,000 10 Over $500,000 $35,656 plus 7.7% of excess over 11 $500,000 12 [(5)] (6) For taxable years beginning in two thousand three: 13 If the New York taxable income is: The tax is: 14 Not over $11,000 4% of the New York taxable 15 income 16 Over $11,000 but not over $15,000 $440 plus 4.5% of excess over 17 $11,000 18 Over $15,000 but not over $17,000 $620 plus 5.25% of excess over 19 $15,000 20 Over $17,000 but not over $30,000 $725 plus 5.9% of excess over 21 $17,000 22 Over $30,000 but not over $125,000 $1,492 plus 6.85% of excess over 23 $30,000 24 Over $125,000 but not over $500,000 $8,000 plus 7.5% of excess over 25 $125,000 26 Over $500,000 $36,125 plus 7.7% of excess over 27 $500,000 28 [(6)] (7) For taxable years beginning after nineteen hundred ninety- 29 six and before two thousand three: 30 If the New York taxable income is: The tax is: 31 Not over $11,000 4% of the New York taxable 32 income 33 Over $11,000 but not over $15,000 $440 plus 4.5% of excess over 34 $11,000 35 Over $15,000 but not over $17,000 $620 plus 5.25% of excess over 36 $15,000 37 Over $17,000 but not over $30,000 $725 plus 5.9% of excess over 38 $17,000 39 Over $30,000 $1,492 plus 6.85% of excess over 40 $30,000 41 [(7)] (8) For taxable years beginning in nineteen hundred ninety-six: 42 If the New York taxable income is: The tax is: 43 Not over $7,500 4% of the New York taxable 44 income 45 Over $7,500 but not over $11,000 $300 plus 5% of excess over 46 $7,500 47 Over $11,000 but not over $15,000 $475 plus 6% of excess over 48 $11,000 49 Over $15,000 $ 715 plus 7% of excess over 50 $15,000 S. 5277 7 1 [(8)] (9) For taxable years beginning in nineteen hundred ninety-five: 2 If the New York taxable income is: The tax is: 3 Not over $9,000 4.55% of the New York taxable 4 income 5 Over $9,000 but not over $14,000 $410 plus 5.55% of excess over 6 $9,000 7 Over $14,000 but not over $19,000 $687 plus 6.55% of excess over 8 $14,000 9 Over $19,000 $1,015 plus 7.5% of excess over 10 $19,000 11 [(9)] (10) For taxable years beginning after nineteen hundred eighty- 12 nine and before nineteen hundred ninety-five: 13 If the New York taxable income is: The tax is: 14 Not over $7,500 4% of the New York taxable 15 income 16 Over $7,500 but not over $11,000 $300 plus 5% of excess over 17 $7,500 18 Over $11,000 but not over $15,000 $475 plus 6% of excess over 19 $11,000 20 Over $15,000 but not over $17,000 $715 plus 7% of excess over 21 $15,000 22 Over $17,000 $855 plus 7.875% of excess over 23 $17,000 24 (c) Resident unmarried individuals, resident married individuals 25 filing separate returns and resident estates and trusts. There is hereby 26 imposed for each taxable year on the New York taxable income of every 27 resident individual who is not a married individual who makes a single 28 return jointly with his spouse under subsection (b) of section six 29 hundred fifty-one or a resident head of a household or a resident 30 surviving spouse, and on the New York taxable income of every resident 31 estate and trust a tax determined in accordance with the following 32 tables: 33 (1) FOR TAXABLE YEARS BEGINNING AFTER TWO THOUSAND ELEVEN AND BEFORE 34 TWO THOUSAND THIRTEEN: 35 IF THE NEW YORK TAXABLE INCOME IS: THE TAX IS: 36 NOT OVER $8,000 4% OF THE NEW YORK TAXABLE 37 INCOME 38 OVER $8,000 BUT NOT OVER $11,000 $320 PLUS 4.5% OF EXCESS OVER 39 $8,000 40 OVER $11,000 BUT NOT OVER $13,000 $455 PLUS 5.25% OF EXCESS OVER 41 $11,000 42 OVER $13,000 BUT NOT OVER $20,000 $560 PLUS 5.9% OF EXCESS OVER 43 $13,000 44 OVER $20,000 BUT NOT OVER $1,000,000 $973 PLUS 6.85% OF EXCESS OVER 45 $20,000 46 OVER $1,000,000 $68,103 PLUS 8.97% OF EXCESS OVER 47 $1,000,000 48 (2) For taxable years beginning after two thousand eight and before two 49 thousand twelve: S. 5277 8 1 If the New York taxable income is: The tax is: 2 Not over $8,000 4% of the New York taxable 3 income 4 Over $8,000 but not over $11,000 $320 plus 4.5% of excess over 5 $8,000 6 Over $11,000 but not over $13,000 $455 plus 5.25% of excess over 7 $11,000 8 Over $13,000 but not over $20,000 $560 plus 5.9% of excess over 9 $13,000 10 Over $20,000 but not over $200,000 $973 plus 6.85% of excess over 11 $20,000 12 Over $200,000 but not over $500,000 $13,303 plus 7.85% of excess over 13 $200,000 14 Over $500,000 $36,853 plus 8.97% of excess over 15 $500,000 16 [(2)] (3) For taxable years beginning after two thousand five and 17 before two thousand nine and after two thousand [eleven] TWELVE: 18 If the New York taxable income is: The tax is: 19 Not over $8,000 4% of the New York taxable 20 income 21 Over $8,000 but not over $11,000 $320 plus 4.5% of excess over 22 $8,000 23 Over $11,000 but not over $13,000 $455 plus 5.25% of excess over 24 $11,000 25 Over $13,000 but not over $20,000 $560 plus 5.9% of excess over 26 $13,000 27 Over $20,000 $973 plus 6.85% of excess over 28 $20,000 29 [(3)] (4) For taxable years beginning in two thousand five: 30 If the New York taxable income is: The tax is: 31 Not over $8,000 4% of the New York taxable 32 income 33 Over $8,000 but not over $11,000 $320 plus 4.5% of excess over 34 $8,000 35 Over $11,000 but not over $13,000 $455 plus 5.25% of excess over 36 $11,000 37 Over $13,000 but not over $20,000 $560 plus 5.9% of excess over 38 $13,000 39 Over $20,000 but not over $100,000 $973 plus 6.85% of excess over 40 $20,000 41 Over $100,000 but not over $500,000 $6,453 plus 7.25% of excess over 42 $100,000 43 Over $500,000 $35,453 plus 7.7% of excess over 44 $500,000 45 [(4)] (5) For taxable years beginning in two thousand four: 46 If the New York taxable income is: The tax is: 47 Not over $8,000 4% of the New York taxable 48 income 49 Over $8,000 but not over $11,000 $320 plus 4.5% of excess over S. 5277 9 1 $8,000 2 Over $11,000 but not over $13,000 $455 plus 5.25% of excess over 3 $11,000 4 Over $13,000 but not over $20,000 $560 plus 5.9% of excess over 5 $13,000 6 Over $20,000 but not over $100,000 $973 plus 6.85% of excess over 7 $20,000 8 Over $100,000 but not over $500,000 $6,453 plus 7.375% of excess over 9 $100,000 10 Over $500,000 $35,953 plus 7.7% of excess over 11 $500,000 12 [(5)] (6) For taxable years beginning in two thousand three: 13 If the New York taxable income is: The tax is: 14 Not over $8,000 4% of the New York taxable 15 income 16 Over $8,000 but not over $11,000 $320 plus 4.5% of excess over 17 $8,000 18 Over $11,000 but not over $13,000 $455 plus 5.25% of excess over 19 $11,000 20 Over $13,000 but not over $20,000 $560 plus 5.9% of excess over 21 $13,000 22 Over $20,000 but not over $100,000 $973 plus 6.85% of excess over 23 $20,000 24 Over $100,000 but not over $500,000 $6,453 plus 7.5% of excess over 25 $100,000 26 Over $500,000 $36,453 plus 7.7% of excess over 27 $500,000 28 [(6)] (7) For taxable years beginning after nineteen hundred ninety- 29 six and before two thousand three: 30 If the New York taxable income is: The tax is: 31 Not over $8,000 4% of the New York taxable 32 income 33 Over $8,000 but not over $11,000 $320 plus 4.5% of excess over 34 $8,000 35 Over $11,000 but not over $13,000 $455 plus 5.25% of excess over 36 $11,000 37 Over $13,000 but not over $20,000 $560 plus 5.9% of excess over 38 $13,000 39 Over $20,000 $973 plus 6.85% of excess over 40 $20,000 41 [(7)] (8) For taxable years beginning in nineteen hundred ninety-six: 42 If the New York taxable income is: The tax is: 43 Not over $5,500 4% of the New York taxable 44 income 45 Over $5,500 but not over $8,000 $220 plus 5% of excess over 46 $5,500 47 Over $8,000 but not over $11,000 $345 plus 6% of excess over 48 $8,000 49 Over $11,000 $525 plus 7% of excess over 50 $11,000 S. 5277 10 1 [(8)] (9) For taxable years beginning in nineteen hundred ninety-five: 2 If the New York taxable income is: The tax is: 3 Not over $6,500 4.55% of the New York taxable 4 income 5 Over $6,500 but not over $9,500 $296 plus 5.55% of excess over 6 $6,500 7 Over $9,500 but not over $12,500 $462 plus 6.55% of excess over 8 $9,500 9 Over $12,500 $659 plus 7.5% of excess over 10 $12,500 11 [(9)] (10) For taxable years beginning after nineteen hundred eighty- 12 nine and before nineteen hundred ninety-five: 13 If the New York taxable 14 income is: The tax is: 15 Not over $5,500 4% of the New York taxable 16 income 17 Over $5,500 but not over $8,000 $220 plus 5% of excess over 18 $5,500 19 Over $8,000 but not over $11,000 $345 plus 6% of excess over 20 $8,000 21 Over $11,000 but not over $13,000 $525 plus 7% of excess over 22 $11,000 23 Over $13,000 $665 plus 7.875% of excess over 24 $13,000 25 S 2. Subparagraph (B) of paragraph 3 of subsection (d) of section 601 26 of the tax law, as amended by section 3 of part Z-1 of chapter 57 of the 27 laws of 2009, is amended to read as follows: 28 (B) For such taxpayers with adjusted gross income over five hundred 29 thousand dollars, for taxable years beginning after two thousand eight 30 and before two thousand twelve, the fraction is computed as follows: the 31 numerator is the lesser of fifty thousand dollars or the excess of New 32 York adjusted gross income for the taxable year over five hundred thou- 33 sand dollars and the denominator is fifty thousand dollars. FOR TAXABLE 34 YEARS BEGINNING AFTER TWO THOUSAND ELEVEN AND BEFORE TWO THOUSAND THIR- 35 TEEN, THE FRACTION IS COMPUTED AS FOLLOWS: THE NUMERATOR IS THE LESSER 36 OF FIFTY THOUSAND DOLLARS OR THE EXCESS OF NEW YORK ADJUSTED GROSS 37 INCOME FOR THE TAXABLE YEAR OVER ONE MILLION DOLLARS AND THE DENOMINATOR 38 IS FIFTY THOUSAND DOLLARS. Provided, however, that the total tax prior 39 to the application of any tax credits shall not exceed the highest rate 40 of tax set forth in the tax table in subsection (a) of this section 41 multiplied by the taxpayer's taxable income. 42 S 3. Clause (ii) of subparagraph (B) of paragraph 3 of subsection (c) 43 of section 685 of the tax law is amended by adding a new undesignated 44 paragraph to read as follows: 45 FURTHER PROVIDED THAT THE TAX SHOWN ON SUCH RETURN FOR TAXABLE YEAR 46 BEGINNING IN TWO THOUSAND ELEVEN SHALL BE CALCULATED AS IF SUCH YEAR 47 BEGAN IN TWO THOUSAND TWELVE. 48 S 4. Notwithstanding any provision of law to the contrary, the method 49 of determining the amount to be deducted and withheld from wages on 50 account of taxes imposed by or pursuant to the authority of article 22 51 of the tax law in connection with the implementation of the provisions 52 of this act shall be prescribed by regulations of the commissioner of S. 5277 11 1 taxation and finance with due consideration to the effect such withhold- 2 ing tables and methods would have on the receipt and amount of revenue. 3 The commissioner of taxation and finance shall adjust such withholding 4 tables and methods in regard to taxable years beginning in 2012 and 5 after in such manner as to result, so far as practicable, in withholding 6 from an employee's wages an amount substantially equivalent to the tax 7 reasonably estimated to be due for such taxable years as a result of the 8 provisions of this act. Provided, however, for tax year 2012 the with- 9 holding tables shall reflect as accurately as practicable the full 10 amount of tax year 2012 liability so that such amount is withheld by 11 December 31, 2012. Any such regulations to implement a change in with- 12 holding tables and methods for tax year 2012 shall be adopted and effec- 13 tive as soon as practicable and the commissioner of taxation and finance 14 may adopt such regulations on an emergency basis notwithstanding 15 anything to the contrary in section 202 of the state administrative 16 procedure act. In carrying out his or her duties and responsibilities 17 under this section, the commissioner of taxation and finance may accom- 18 pany such a rule making procedure with a similar procedure with respect 19 to the taxes required to be deducted and withheld by local laws imposing 20 taxes pursuant to the authority of articles 30, 30-A and 30-B of the tax 21 law, the provisions of any other law in relation to such a procedure to 22 the contrary notwithstanding. 23 S 5. The commissioner of taxation and finance shall take steps to 24 publicize the necessary adjustments to estimated tax and, to the extent 25 reasonably possible, to inform the taxpayer of the tax liability changes 26 made by this act. 27 S 6. This act shall take effect immediately and shall apply to taxable 28 years beginning on or after January 1, 2012.