Bill Text: NY S06502 | 2017-2018 | General Assembly | Amended

New York Senate Bill 6502 (Prior Session Legislation)

Bill Title: Grants a state income tax itemized deduction for the full amount of a taxpayer's property taxes.

Spectrum: Partisan Bill (Democrat 6-0)

Status: (Introduced - Dead) 2018-01-05 - PRINT NUMBER 6502A [S06502 Detail]

Download: New_York-2017-S06502-Amended.html



                STATE OF NEW YORK
        ________________________________________________________________________
                                         6502--A
                               2017-2018 Regular Sessions
                    IN SENATE
                                      May 26, 2017
                                       ___________
        Introduced by Sens. CARLUCCI, VALESKY, ALCANTARA, HAMILTON, KLEIN, SAVI-
          NO -- read twice and ordered printed, and when printed to be committed
          to the Committee on Investigations and Government Operations -- recom-
          mitted 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 granting a personal income
          tax itemized deduction for the full amount of taxes paid on real prop-
          erty owned by a resident taxpayer
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1. Subsection (d) of section 615 of the tax law is amended by
     2  adding a new paragraph 6 to read as follows:
     3    (6) state and local taxes on real  property  levied  for  the  general
     4  public  welfare  in  an  amount  that such taxes are not included in the
     5  taxpayer's federal itemized deductions.
     6    § 2. This act shall take effect immediately and  shall  apply  to  tax
     7  years commencing on or after January 1, 2018.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD11511-02-8