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NY A10752
Bill
Status
6/18/2012
Primary Sponsor
Steven Englebright
Click for details
AI Summary
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Commissioner of Taxation and Finance must issue an annual report by December 31st disclosing aggregate amounts claimed for each tax credit authorized under Tax Law Chapter that is claimed by at least three taxpayers
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Report covers returns and reports filed for taxable years ending during the immediately preceding state fiscal year
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Credits claimed by pro-rata shareholders of pass-through entities (entities not subject to entity-level taxation) are disregarded; only the entity's report is counted when determining the three-taxpayer threshold
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Reporting requirement is in addition to any other reporting requirements already prescribed by Tax Law Chapter
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Act takes effect immediately upon enactment
Legislative Description
Requires the commissioner of taxation and finance to issue an annual report disclosing the aggregate amount claimed on certain tax credits for the preceding state fiscal year.
Last Action
referred to ways and means
6/18/2012