Loading chat...
NY A02643
Bill
Status
1/20/2015
Primary Sponsor
James Tedisco
Click for details
AI Summary
-
Amends New York Tax Law Section 657 to create an automatic extension for filing personal income tax returns and paying taxes when the state budget is not enacted timely
-
Extension period equals the number of days after April 1st until the last of six required budget bills is enacted into law, minus one day
-
The six budget bills triggering the extension are: Public Protection and General Government, Education Labor and Family Assistance, Health and Mental Hygiene, Transportation Economic Development and Environmental Conservation, Legislative and Judiciary, and Debt Service budget bills
-
No penalties or interest shall be assessed or imposed on taxpayers during the automatic extension period
-
Effective immediately and applies to taxable years beginning on and after January 1, 2016
Legislative Description
Grants taxpayer an automatic extension of time for filing a return and paying personal income taxes where a state budget is not timely enacted into law; provides that no penalties or interest shall be assessed, or imposed upon a taxpayer during such extension.
Last Action
held for consideration in ways and means
6/14/2016