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NY A06700
Bill
Status
Introduced
3/25/2011
Primary Sponsor
Claudia Tenney
Click for details
AI Summary
- Increases the threshold for employers to file returns and pay withheld taxes from $700 to $1,000 per calendar quarter
- Employers with cumulative withholding taxes of $1,000 or more in a quarter must file returns and pay taxes on established schedules (third or fifth business day after payroll depending on prior year amounts)
- Employers with less than $1,000 in cumulative withholding taxes during a quarter may defer payment until the quarterly combined withholding and wage reporting return deadline
- Educational organizations and health care providers continue to pay withheld taxes within five business days of payroll regardless of amount
- Effective January 1, 2012, for all withheld taxes required on or after that date
Legislative Description
Increases the threshold of employer's withheld taxes.
Last Action
held for consideration in ways and means
6/19/2012
Committee Referrals
Ways and Means3/25/2011
Full Bill Text
No bill text available