Bill Text: NY S05595 | 2019-2020 | General Assembly | Amended
Bill Title: Amends the threshold of resident individuals required to file New York state income tax returns.
Spectrum: Bipartisan Bill
Status: (Engrossed - Dead) 2020-03-10 - referred to ways and means [S05595 Detail]
Download: New_York-2019-S05595-Amended.html
STATE OF NEW YORK ________________________________________________________________________ 5595--B 2019-2020 Regular Sessions IN SENATE May 8, 2019 ___________ Introduced by Sens. LIU, JORDAN -- read twice and ordered printed, and when printed to be committed to the Committee on Budget and Revenue -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee -- recommitted to the Committee on Budg- et and Revenue 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 filing of income tax returns 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 (a) of section 651 of the tax 2 law, as amended by section 6 of part J of chapter 59 of the laws of 3 2014, is amended to read as follows: 4 (1) every resident individual (A) required to file a federal income 5 tax return for the taxable year, or (B) having federal adjusted gross 6 income for the taxable year, increased by the modifications under 7 subsection (b) of section six hundred twelve of this article, [in excess8of four thousand dollars, or] in excess of his New York standard 9 deduction, [if lower,] or (C) having received during the taxable year a 10 lump sum distribution any portion of which is subject to tax under 11 section six hundred three of this article; 12 § 2. This act shall take effect immediately and shall apply to taxable 13 years beginning on or after January 1, 2021. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD10575-04-0