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A06009 Summary:

BILL NO    A06009 

SAME AS    No same as 

SPONSOR    Rules

COSPNSR    

MLTSPNSR   

Amd Various Laws, generally

Eliminates entirely the NYC STAR PIT rate reduction benefit for taxpayers with
incomes above $500,000 (Part B); converts current STAR delinquency/offset
program into a tax clearance program by rejecting offset and making taxpayers
pay the tax liability (Part C); relates to recouping improperly granted STAR
exemptions 3 year look back (Part E); allows homeowners who registered for the
STAR exemption with the department of taxation and finance to receive certain
exemptions (Part F); creates a real property tax relief credit for owners and
renters (Part G); makes permanent the limitation on charitable contribution
deductions for high income New York state and New York city personal income
taxpayers (Part H); amends the personal income tax and MTA mobility tax
statutes for technical changes (Part I); requires commercial production tax
credit economic impact report (Part J); amends the excelsior tax credit by
making entertainment industry an eligible business provided that taxpayer must
meet threshold requirements (Part K); reforms the investment tax credit
provided for master tapes (Part L); expands the youth tax credit and renames it
to the urban youth jobs program tax credit (Part M); reduces the net income tax
on small businesses for those making below $390,000 (Part N); creates the
employee training incentive program tax credit through DED for provider
approved program (Part O); levies taxes on wireless telecommunications
businesses (Part P); imposes sales tax refund requirements on article 9
taxpayers unless such refund is paid to consumers and is separately stated
(Part Q); extends brownfield cleanup program for 10 years (Part R); combines
the department of state biennial information statement and tax return filings
(Part S); amends corporate tax reform statute for technical changes (Part T);
extends the wine tasting sales and use tax exemption to other alcoholic
beverages when offered for fee at producer's premise (Part U); imposes local
sales tax on prepaid wireless based on retail location (Part V); expands sales
tax collection requirements for marketplace providers, making providers subject
to sales tax collection requirement on behalf of out of state sellers (Part X);
closes certain sales and use tax avoidance strategies (Part Y); exempts solar
power purchase agreements from state and local sales tax (Part Z); allows
petroleum business tax refunds for farm use of highway diesel motor fuel (Part
AA); amends the estate tax to implement technical changes and making certain
provisions permanent (Part BB); enhances motor fuel tax enforcement by creating
wholesaler registrations (Part CC); makes warrantless wage garnishment
permanent without filing with county clerk (Part DD); extends the video lottery
gaming vendor's capital awards program for one year (Part MM); extends certain
tax rates and certain simulcasting provisions for one year (Part NN); expands
electronic gaming offerings at video lottery gaming facilities (Part OO);
extends the term of the reorganization board of the New York Racing
Association, Inc. for an additional year (Part PP); implements New York city
corporate tax reform (Part QQ); makes technical changes to alternative fuel
refuel property tax credit (Part RR); makes NYC circuit breaker of 2014
permanent with enhanced benefit (Part SS); enhances college tuition credit with
additional credit if claimed American Opportunity Tax Credit for those making
$40,000 or less (Part TT); makes resident PIT taxpayer's all source income
eligible to compute QEZE tax reduction credit (Part UU); exempts vessels worth
$230,000 or more from sales and compensating use tax (Part VV); relates to the
empire music production credit (Part WW); relates to the MAT mobility tax
library exemption (Part XX); extends the Montecello capital award (Part ZZ);
relates to the jockey fund (Part AAA); relates to the NYC and lower Manhattan
REAP, energy saving sales tax extender (Part BBB).
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