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NY A06117

Bill

Official Source

Status

Introduced

3/15/2013

Primary Sponsor

Steven Englebright

Click for details

Origin

Assembly

2013-2014 General Assembly

AI Summary

  • Commissioner of Taxation and Finance must issue an annual report by December 31st disclosing aggregate amounts claimed for each tax credit under Tax Law Chapter that is claimed by at least three taxpayers
  • Report covers tax credits claimed on returns and reports filed for taxable years ending during the immediately preceding state fiscal year
  • Taxpayers claiming pro-rata shares of credits from entities not subject to entity-level tax are disregarded; the entity's report is counted instead
  • Reporting requirement is in addition to any other existing reporting requirements
  • 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

held for consideration in ways and means

6/17/2014

Committee Referrals

Ways and Means3/15/2013

Full Bill Text

No bill text available