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NY A03606
Bill
Status
Introduced
1/27/2015
Primary Sponsor
James Tedisco
Click for details
AI Summary
- Provides New York State personal income taxpayers a tax credit of $1 per day for each day the legislature fails to pass the state budget, up to a maximum of 75 days after April 1
- Applies only to taxpayers who file completed tax returns on or before April 15 in the applicable year
- Credit is measured from April 1 until the legislature passes appropriations bills submitted by the Governor pursuant to Article 7, Section 3 of the State Constitution
- Any credit exceeding the taxpayer's tax liability for the year shall be refunded as an overpayment of tax
- Takes effect immediately and applies to taxable years beginning on or after January 1, 2016
Legislative Description
Grants personal income taxpayers with a credit of $1.00 per day for each day up to a maximum of seventy-five days after April 1 until the legislature enacts the state budget provided such taxpayer has timely filed his or her return.
Last Action
held for consideration in ways and means
6/14/2016
Committee Referrals
Ways and Means1/27/2015
Full Bill Text
No bill text available