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NY A01499
Bill
Status
Introduced
1/10/2011
Primary Sponsor
James Tedisco
Click for details
AI Summary
- Adds a new tax credit to New York tax law for taxpayers who file completed returns by April 15
- Provides a credit of $1 per day for each day the legislature fails to pass the state budget, up to a maximum of 75 days after April 1
- Applies only to budget bills submitted by the Governor pursuant to Article Seven of the State Constitution
- Any credit exceeding the taxpayer's tax liability for the year shall be refunded as an overpayment
- Takes effect immediately and applies to taxable years beginning January 1, 2011 and after
Legislative Description
Grants personal income taxpayers with a credit of $1.00 per day for each day up to a maximum of seventy-five days after April 1 until the legislature enacts the state budget provided such taxpayer has timely filed his or her return.
Last Action
held for consideration in ways and means
6/19/2012
Committee Referrals
Ways and Means1/10/2011
Full Bill Text
No bill text available