Loading chat...
NY A07614
Bill
Status
Introduced
5/20/2015
Primary Sponsor
Robert Oaks
Click for details
AI Summary
- Commissioner of Taxation and Finance shall conduct a study examining personal income tax brackets and dollar amounts if all personal income tax credits under Tax Law section 606 were eliminated while maintaining revenue neutrality
- Study shall cover taxable years beginning after 2011 and before 2018, and taxable years beginning after 2017
- Commissioner shall also conduct a study on corporate franchise tax reductions under Tax Law sections 209 and 210 if all credits under section 210-B were eliminated while maintaining revenue neutrality
- Commissioner must report findings from both studies within 180 days of the act becoming law
- Act takes effect immediately upon enactment
Legislative Description
Relates to conducting studies on personal income tax brackets and the corporate franchise tax.
Last Action
held for consideration in ways and means
6/15/2016
Committee Referrals
Ways and Means5/20/2015
Full Bill Text
No bill text available