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) 2019-06-14 - referred to ways and means [S05595 Detail]

Download: New_York-2019-S05595-Amended.html

                STATE OF NEW YORK


                               2019-2020 Regular Sessions

                    IN SENATE

                                       May 8, 2019

        Introduced  by  Sen.  LIU  --  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

        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 excess
     8  of 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, 2020.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.