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NY A01805
Bill
Status
Introduced
1/9/2013
Primary Sponsor
Claudia Tenney
Click for details
AI Summary
- Increases the cumulative threshold requiring employers to file a return and pay withheld taxes from $700 to $1,000 per calendar quarter.
- Employers remitting less than $1,000 in withheld taxes during a quarter must pay over taxes with the quarterly combined withholding, wage reporting and unemployment insurance return by the deadline for filing that return.
- Employers remitting $15,000 or more in withholding tax during the preceding year must pay withheld taxes by the third business day after making payroll; those remitting less than $15,000 have until the fifth business day.
- Educational organizations and health care providers are exempt from the accelerated payment schedule and must pay withheld taxes by the fifth business day following payroll.
- Takes effect January 1, 2014, and applies to all taxes required to be withheld on and after that date.
Legislative Description
Increases the threshold of employer's withheld taxes.
Last Action
held for consideration in ways and means
6/17/2014
Committee Referrals
Ways and Means1/9/2013
Full Bill Text
No bill text available