New York S 5595: Relates to the individuals who are required to file New York state income tax returns

Bill Text

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 excess
8 ] in excess of his New York standardof four thousand dollars, or
9 deduction, [ ] or (C) having received during the taxable year aif lower,
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 (underscored) is new; matter in bracketsitalics
[ ] is old law to be omitted.
LBD10575-04-0