Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 17, 2020 |
signed chap.121 |
Jun 05, 2020 |
delivered to governor |
May 27, 2020 |
returned to senate passed assembly ordered to third reading rules cal.52 substituted for a10519 referred to ways and means delivered to assembly passed senate ordered to third reading cal.662 |
May 26, 2020 |
reported and committed to rules |
May 24, 2020 |
referred to finance |
Senate Bill S8411
Signed By Governor2019-2020 Legislative Session
Sponsored By
(D, WF) 31st Senate District
Archive: Last Bill Status - Signed by Governor
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
co-Sponsors
(D) 14th Senate District
(D, WF) 47th Senate District
(D) 16th Senate District
2019-S8411 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A10519
- Law Section:
- New York City Administrative Code
- Laws Affected:
- Amd §§11-506, 11-507, 11-602, 11-641 & 11-652, NYC Ad Cd
2019-S8411 (ACTIVE) - Summary
Disallows, for purposes of the unincorporated business corporation tax, the general corporation tax, the city banking tax, and the city business corporation tax, certain amendments, with respect to taxable years beginning before January 1, 2021, made to the internal revenue code by sections 2303, 2304 and 2306 of public law 116-136.
2019-S8411 (ACTIVE) - Sponsor Memo
BILL NUMBER: S8411 SPONSOR: JACKSON TITLE OF BILL: An act to amend the administrative code of the city of New York, in relation to disallowing, for purposes of the unincorporated business corporation tax, the general corporation tax, the city banking tax, and the city business corporation tax, certain amendments, with respect to taxable years beginning before January 1, 2021, made to the internal revenue code by sections 2303, 2304 and 2306 of public law 116-136 SUMMARY OF PROVISIONS: Sections 1, 4 and 8 amend paragraph 17 of subdivision (b) of section 11-506, subparagraph 21 of paragraph (b) of subdivision 8 of section 11-602, and subparagraph 22 of paragraph (b) of subdivision 8 of section 11-652 of the Administrative Code of the City of New York ("Administrative Code"), and section 6 adds a new paragraph 17 to subdi- vision b of section 11641 of the Administrative Code, to disallow, for purposes of the City unincorporated business corporation tax ("UBT"),
2019-S8411 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8411 I N S E N A T E May 24, 2020 ___________ Introduced by Sen. JACKSON -- (at request of the NYC Finance) -- read twice and ordered printed, and when printed to be committed to the Committee on Finance AN ACT to amend the administrative code of the city of New York, in relation to disallowing, for purposes of the unincorporated business corporation tax, the general corporation tax, the city banking tax, and the city business corporation tax, certain amendments, with respect to taxable years beginning before January 1, 2021, made to the internal revenue code by sections 2303, 2304 and 2306 of public law 116-136 THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph 17 of subdivision (b) of section 11-506 of the administrative code of the city of New York, as added by section 5 of part WWW of chapter 58 of the laws of 2020, is amended to read as follows: (17) For taxable years beginning in two thousand nineteen and two thousand twenty, the amount of the increase in the federal interest deduction allowed pursuant to section 163(j)(10)[(A)(i)] of the internal revenue code. § 2. Subdivision (b) of section 11-506 of the administrative code of the city of New York is amended by adding a new paragraph 18 to read as follows: (18) NOTWITHSTANDING ANY OTHER PROVISION OF THIS CHAPTER TO THE CONTRARY, FOR TAXABLE YEARS BEGINNING BEFORE JANUARY FIRST, TWO THOUSAND TWENTY-ONE, THE AMOUNT OF INCREASE IN THE FEDERAL DEDUCTION ALLOWED PURSUANT TO ANY AMENDMENT TO SECTION 461(L) OF THE INTERNAL REVENUE CODE MADE AFTER MARCH FIRST, TWO THOUSAND TWENTY. § 3. Subdivision 2 of section 11-507 of the administrative code of the city of New York is amended by adding a new paragraph (c) to read as follows: (C) NOTWITHSTANDING ANY OTHER PROVISION OF THIS CHAPTER TO THE CONTRA- RY, FOR TAXABLE YEARS BEGINNING BEFORE JANUARY FIRST, TWO THOUSAND TWEN- TY-ONE, ANY AMENDMENT TO SECTION ONE HUNDRED SEVENTY-TWO OF THE INTERNAL EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
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