Bill Text: NY S06409 | 2015-2016 | General Assembly | Amended
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Enacts into law major components of legislation which are necessary to implement the state fiscal plan for the 2016-2017 state fiscal year; amends the real property tax law and the tax law, in relation to transitioning the school tax relief (STAR) exemption into a personal income tax credit (Part A); intentionally omitted (Part B); intentionally omitted (Part C); amends the real property tax law, in relation to allowing applications for exemptions to be filed after the taxable status date in certain cases (Part D); amends the tax law and the administrative code of the city of New York, in relation to establishing a new school tax reduction credit for residents of a city with a population over one million (Part E); amends the real property tax law, in relation to authorizing the commissioner of taxation and finance to make direct payments of STAR tax savings to property owners in certain cases (Part F); amends chapter 61 of the laws of 2011, amending the real property tax law and other laws relating to establishing standards for electronic tax administration, in relation to the effectiveness thereof (Part G); amends the public housing law, in relation to extending the credit against income tax for persons or entities investing in low-income housing (Part H); amends the tax law, in relation to extending the hire a veteran credit for an additional two years (Part I); amends the tax law, in relation to extending the empire state commercial production tax credit (Part J); amends chapter 604 of the laws of 2011, amending the tax law relating to the credit for companies who provide transportation to people with disabilities, in relation to extending the expiration of such provision; amends the tax law, in relation to the application of a credit for companies who provide transportation to individuals with disabilities (Part K); amends part I of chapter 58 of the laws of 2006, amending the tax law relating to providing an enhanced earned income tax credit, in relation to making the enhanced earned income tax credit permanent (Part L); amends part N of chapter 61 of the laws of 2005 amending the tax law relating to certain transactions and related information and relating to the voluntary compliance initiative, in relation to extending the expiration thereof (Part M); amends the tax law, in relation to extending the clean heating fuel credit for three years and updating the credit to reflect new minimum biodiesel fuel thresholds (Part N); amends the economic development law and the tax law, in relation to extending the excelsior jobs program for five years (Part O); amends the tax law and the administrative code of the city of New York, in relation to making corrections to the corporate tax reform provisions (Part P); amends the tax law and the administrative code of the city of New York, in relation to the time for filing reports (Part Q); intentionally omitted (Part R); intentionally omitted (Part S); intentionally omitted (Part T); amends chapter 109 of the laws of 2006 amending the tax law and other laws relating to providing exemptions, reimbursements and credits from various taxes for certain alternative fuels, in relation to extending the alternative fuels tax exemptions for five years (Part U); amends the tax law, in relation to exempting from alcoholic beverage tax certain alcoholic beverages furnished at no charge by certain licensees to customers or prospective customers at a tasting held in accordance with the alcoholic beverage control law, and to expand the beer production credit to include wine, liquor and cider (Part V); intentionally omitted (Part W); amends the tax law and the administrative code of the city of New York, in relation to allowing room remarketers to purchase occupancies from hotel operators exempt from sales tax under certain circumstances (Part X); amends the tax law, in relation to charitable contributions and charitable activities being considered in determining domicile for estate tax purposes (Part Y); amends the state finance law, in relation to creating the aviation purpose account and ensuring that the funds deposited in the aviation purpose account are used for airport improvement projects; amends the tax law, in relation to providing for the distribution of revenues under section 301-e of such law; exempts sales of fuel sold for use in commercial aircraft and general aviation aircraft from the prepayment of sales tax imposed pursuant to the authority of section 1102 of such law; excludes sales of fuel sold for use in commercial aircraft and general aviation aircraft from the operation of sales and use taxes imposed pursuant to the authority of section 1210 of such law (Part Z); intentionally omitted (Part AA); amends the racing, pari-mutuel wagering and breeding law, in relation to increasing racing regulatory fee (Part BB); amends the racing, pari-mutuel wagering and breeding law, in relation to the timing of harness track reimbursements and other technical amendments (Part CC); amends the tax law, in relation to the payment of vendors' fees (Part DD); amends the tax law, in relation to vendor fees at vendor tracks (Part EE); amends the racing, pari-mutuel wagering and breeding law, in relation to licenses for simulcast facilities, sums relating to track simulcast, simulcast of out-of-state thoroughbred races, simulcasting of races run by out-of-state harness tracks and distributions of wagers; amends chapter 281 of the laws of 1994 amending the racing, pari-mutuel wagering and breeding law and other laws relating to simulcasting, in relation to the effectiveness thereof; amends chapter 346 of the laws of 1990 amending the racing, pari-mutuel wagering and breeding law and other laws relating to simulcasting and the imposition of certain taxes, in relation to extending certain provision thereof; amends the racing, pari-mutuel wagering and breeding law, in relation to extending certain provisions thereof (Part FF); amends the tax law, in relation to capital awards to vendor tracks (Part GG); amends the state finance law, in relation to allocations from the commercial gaming revenue fund; amends the tax law, in relation to commissions payable to certain vendor racetracks (Part HH); amends the tax law, in relation to further clarifying disclosure procedures regarding medical marihuana (Part II); amends the real property tax law, in relation to STAR recoupment program (Part JJ); amends the tax law and the state finance law, in relation to the fees associated with a certificate of registration and decal imposed by article 21 of the tax law for certain vehicles operating on public highways in New York state (Part KK); amends the tax law, in relation to making corrections to the corporate tax reform provisions (Part LL); amends the tax law, in relation to the real property tax credit for manufacturers (Part MM); amends the tax law and the administrative code of the city of new York, in relation to the value of leased real property (Part NN); amends the racing, pari-mutuel wagering and breeding law, in relation to health insurance for jockeys (Part OO); amends the racing, pari-mutuel wagering and breeding law, in relation to the New York Jockey Injury Compensation Fund, Inc. (Part PP); amends the economic development law and the tax law, in relation to the economic transformation and facility redevelopment program tax credit (Part QQ); amends the tax law, in relation to creating a farm workforce retention credit (Part RR); amends the tax law and the racing, pari-mutuel wagering and breeding law, in relation to authorization to operate video lottery terminals and capital awards at certain facilities (Part SS); amends the tax law, in relation to providing a middle income tax cut under the personal income tax; repeals subparagraph (B) of paragraph 1 of subsection (a), subparagraph (B) of paragraph 1 of subsection (b) and subparagraph (B) of paragraph 1 of subsection (c) of section 601 of the tax law relating to the imposition of tax; repeals subsection (d-2) of section 601 of the tax law relating to tax table benefit recapture for tax years after two thousand seventeen (Part TT); amends the tax law, in relation to requiring wholesalers of motor fuel to register and file returns (Part UU); amends the labor law, in relation to enhancing the urban youth jobs program tax credit by increasing the sum of money allocated to programs four and five (Part VV); amends the tax law, in relation to exempting commercial fuel cell electricity generating systems and electricity provided by such sources from the sales tax imposed by article 28 of the tax law and omitting such exemption from the taxes imposed pursuant to the authority of article 29 of the tax law, unless a locality elects otherwise (Part WW).
Spectrum: Committee Bill
Status: (Passed) 2016-04-13 - SIGNED CHAP.60 [S06409 Detail]
Download: New_York-2015-S06409-Amended.html
Bill Title: Enacts into law major components of legislation which are necessary to implement the state fiscal plan for the 2016-2017 state fiscal year; amends the real property tax law and the tax law, in relation to transitioning the school tax relief (STAR) exemption into a personal income tax credit (Part A); intentionally omitted (Part B); intentionally omitted (Part C); amends the real property tax law, in relation to allowing applications for exemptions to be filed after the taxable status date in certain cases (Part D); amends the tax law and the administrative code of the city of New York, in relation to establishing a new school tax reduction credit for residents of a city with a population over one million (Part E); amends the real property tax law, in relation to authorizing the commissioner of taxation and finance to make direct payments of STAR tax savings to property owners in certain cases (Part F); amends chapter 61 of the laws of 2011, amending the real property tax law and other laws relating to establishing standards for electronic tax administration, in relation to the effectiveness thereof (Part G); amends the public housing law, in relation to extending the credit against income tax for persons or entities investing in low-income housing (Part H); amends the tax law, in relation to extending the hire a veteran credit for an additional two years (Part I); amends the tax law, in relation to extending the empire state commercial production tax credit (Part J); amends chapter 604 of the laws of 2011, amending the tax law relating to the credit for companies who provide transportation to people with disabilities, in relation to extending the expiration of such provision; amends the tax law, in relation to the application of a credit for companies who provide transportation to individuals with disabilities (Part K); amends part I of chapter 58 of the laws of 2006, amending the tax law relating to providing an enhanced earned income tax credit, in relation to making the enhanced earned income tax credit permanent (Part L); amends part N of chapter 61 of the laws of 2005 amending the tax law relating to certain transactions and related information and relating to the voluntary compliance initiative, in relation to extending the expiration thereof (Part M); amends the tax law, in relation to extending the clean heating fuel credit for three years and updating the credit to reflect new minimum biodiesel fuel thresholds (Part N); amends the economic development law and the tax law, in relation to extending the excelsior jobs program for five years (Part O); amends the tax law and the administrative code of the city of New York, in relation to making corrections to the corporate tax reform provisions (Part P); amends the tax law and the administrative code of the city of New York, in relation to the time for filing reports (Part Q); intentionally omitted (Part R); intentionally omitted (Part S); intentionally omitted (Part T); amends chapter 109 of the laws of 2006 amending the tax law and other laws relating to providing exemptions, reimbursements and credits from various taxes for certain alternative fuels, in relation to extending the alternative fuels tax exemptions for five years (Part U); amends the tax law, in relation to exempting from alcoholic beverage tax certain alcoholic beverages furnished at no charge by certain licensees to customers or prospective customers at a tasting held in accordance with the alcoholic beverage control law, and to expand the beer production credit to include wine, liquor and cider (Part V); intentionally omitted (Part W); amends the tax law and the administrative code of the city of New York, in relation to allowing room remarketers to purchase occupancies from hotel operators exempt from sales tax under certain circumstances (Part X); amends the tax law, in relation to charitable contributions and charitable activities being considered in determining domicile for estate tax purposes (Part Y); amends the state finance law, in relation to creating the aviation purpose account and ensuring that the funds deposited in the aviation purpose account are used for airport improvement projects; amends the tax law, in relation to providing for the distribution of revenues under section 301-e of such law; exempts sales of fuel sold for use in commercial aircraft and general aviation aircraft from the prepayment of sales tax imposed pursuant to the authority of section 1102 of such law; excludes sales of fuel sold for use in commercial aircraft and general aviation aircraft from the operation of sales and use taxes imposed pursuant to the authority of section 1210 of such law (Part Z); intentionally omitted (Part AA); amends the racing, pari-mutuel wagering and breeding law, in relation to increasing racing regulatory fee (Part BB); amends the racing, pari-mutuel wagering and breeding law, in relation to the timing of harness track reimbursements and other technical amendments (Part CC); amends the tax law, in relation to the payment of vendors' fees (Part DD); amends the tax law, in relation to vendor fees at vendor tracks (Part EE); amends the racing, pari-mutuel wagering and breeding law, in relation to licenses for simulcast facilities, sums relating to track simulcast, simulcast of out-of-state thoroughbred races, simulcasting of races run by out-of-state harness tracks and distributions of wagers; amends chapter 281 of the laws of 1994 amending the racing, pari-mutuel wagering and breeding law and other laws relating to simulcasting, in relation to the effectiveness thereof; amends chapter 346 of the laws of 1990 amending the racing, pari-mutuel wagering and breeding law and other laws relating to simulcasting and the imposition of certain taxes, in relation to extending certain provision thereof; amends the racing, pari-mutuel wagering and breeding law, in relation to extending certain provisions thereof (Part FF); amends the tax law, in relation to capital awards to vendor tracks (Part GG); amends the state finance law, in relation to allocations from the commercial gaming revenue fund; amends the tax law, in relation to commissions payable to certain vendor racetracks (Part HH); amends the tax law, in relation to further clarifying disclosure procedures regarding medical marihuana (Part II); amends the real property tax law, in relation to STAR recoupment program (Part JJ); amends the tax law and the state finance law, in relation to the fees associated with a certificate of registration and decal imposed by article 21 of the tax law for certain vehicles operating on public highways in New York state (Part KK); amends the tax law, in relation to making corrections to the corporate tax reform provisions (Part LL); amends the tax law, in relation to the real property tax credit for manufacturers (Part MM); amends the tax law and the administrative code of the city of new York, in relation to the value of leased real property (Part NN); amends the racing, pari-mutuel wagering and breeding law, in relation to health insurance for jockeys (Part OO); amends the racing, pari-mutuel wagering and breeding law, in relation to the New York Jockey Injury Compensation Fund, Inc. (Part PP); amends the economic development law and the tax law, in relation to the economic transformation and facility redevelopment program tax credit (Part QQ); amends the tax law, in relation to creating a farm workforce retention credit (Part RR); amends the tax law and the racing, pari-mutuel wagering and breeding law, in relation to authorization to operate video lottery terminals and capital awards at certain facilities (Part SS); amends the tax law, in relation to providing a middle income tax cut under the personal income tax; repeals subparagraph (B) of paragraph 1 of subsection (a), subparagraph (B) of paragraph 1 of subsection (b) and subparagraph (B) of paragraph 1 of subsection (c) of section 601 of the tax law relating to the imposition of tax; repeals subsection (d-2) of section 601 of the tax law relating to tax table benefit recapture for tax years after two thousand seventeen (Part TT); amends the tax law, in relation to requiring wholesalers of motor fuel to register and file returns (Part UU); amends the labor law, in relation to enhancing the urban youth jobs program tax credit by increasing the sum of money allocated to programs four and five (Part VV); amends the tax law, in relation to exempting commercial fuel cell electricity generating systems and electricity provided by such sources from the sales tax imposed by article 28 of the tax law and omitting such exemption from the taxes imposed pursuant to the authority of article 29 of the tax law, unless a locality elects otherwise (Part WW).
Spectrum: Committee Bill
Status: (Passed) 2016-04-13 - SIGNED CHAP.60 [S06409 Detail]
Download: New_York-2015-S06409-Amended.html
STATE OF NEW YORK ________________________________________________________________________ S. 6409--A A. 9009--A SENATE - ASSEMBLY January 14, 2016 ___________ IN SENATE -- A BUDGET BILL, submitted by the Governor pursuant to arti- cle seven of the Constitution -- read twice and ordered printed, and when printed to be committed to the Committee on Finance -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee IN ASSEMBLY -- A BUDGET BILL, submitted by the Governor pursuant to article seven of the Constitution -- read once and referred to the Committee on Ways and Means -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the real property tax law and the tax law, in relation to transitioning the school tax relief (STAR) exemption into a personal income tax credit, and to repeal subdivision 5 of section 520 of the real property tax law relating thereto (Part A); to amend the real property tax law, in relation to the maximum amount of tax savings allowable under the STAR program (Part B); to amend the real property tax law in relation to making the income verification program mandatory (Part C); to amend the real property tax law, in relation to allowing applications for exemptions to be filed after the taxable status date in certain cases (Part D); to amend the tax law and the administrative code of the city of New York, in relation to establish- ing a new school tax reduction credit for residents of a city with a population over one million (Part E); to amend the real property tax law, in relation to authorizing the commissioner of taxation and finance to make direct payments of STAR tax savings to property owners in certain cases (Part F); to amend the tax law, in relation to making permanent, provisions relating to mandatory electronic filing of tax documents, improving sales tax compliance and updating tax preparer penalties; to amend chapter 61 of the laws of 2011, amending the real property tax law and other laws relating to establishing standards for electronic tax administration, in relation to the effectiveness there- of; and to repeal certain provisions of the tax law and the adminis- trative code of the city of New York relating thereto (Part G); to amend the public housing law, in relation to extending the credit against income tax for persons or entities investing in low-income housing (Part H); to amend the tax law, in relation to extending the hire a veteran credit for an additional two years (Part I); to amend EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD12674-02-6
