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A03009 Summary:

BILL NO    A03009B


SPONSOR    Budget



Amd Various Laws, generally

Relates to the New York city personal income tax rates; relates to recouping
savings retrospectively from unlawfully claimed exemptions removed during
re-registration process; authorizes homeowners who registered for the STAR
exemption, but failed to file timely exemption applications with their local
assessors, to receive the benefit for the 2014 exemption; makes permanent the
itemized deduction limitation applicable to incomes of ten million dollars or
greater; amends the personal income and MTA mobility tax statutes for technical
changes; adds a reporting requirement to the commercial production tax credit;
relates to the Excelsior Jobs Program and significant capital investments;
creates the employee training incentive program tax credit within the excelsior
tax credit program; imposes tax on wireless telecommunications businesses
pursuant to sections 184 and 184-a of the tax law; incorporates the DOS
biennial statement requirement into the corporate tax return; makes corrections
to the corporate tax reform provisions; and repeals certain provisions of the
tax law relating thereto; exempts certain items or tangible personal property
furnished to customers by certain cider producers, breweries, and distilleries
at tastings; relates to the imposition of the sales and compensating use tax on
prepaid mobile calling services; expands the solar panel state and local sales
and use tax exemptions; allows a reimbursement of the petroleum business tax
for highway diesel motor fuel used in farm production; calculates the estate
tax imposed under the tax rate table, clarifies the phase out date for certain
gift add backs and disallows deductions relating to intangible personal
property for estates of non-resident decedents; relates to warrantless income
execution provisions; relates to capital awards to vendor tracks; relates to
licenses for simulcast facilities, sums relating to track simulcast, simulcast
of out-of-state thoroughbred races, simulcasting of races run by out-of-state
harness tracks and distributions of wagers; extends certain provisions relating
to simulcasting and the imposition of certain taxes; relates to video lottery
gaming; relates to a franchised corporation; relates to a use tax on boats;
relates to an aircraft sales tax exemption; relates to a jockey's workers
compensation fund; relates to VTL vendor fee rates; and relates to the MTA
payroll tax.
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