S05543 Summary:
BILL NO | S05543 |
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SAME AS | No Same As |
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SPONSOR | COMRIE |
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COSPNSR | |
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MLTSPNSR | |
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Amd §612, Tax L | |
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Relates to excluding from state income tax unemployment benefits received during the COVID-19 pandemic; issues a refund for any such taxes paid by a taxpayer. |
S05543 Actions:
BILL NO | S05543 | |||||||||||||||||||||||||||||||||||||||||||||||||
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03/08/2023 | REFERRED TO BUDGET AND REVENUE | |||||||||||||||||||||||||||||||||||||||||||||||||
01/03/2024 | REFERRED TO BUDGET AND REVENUE |
S05543 Text:
Go to top STATE OF NEW YORK ________________________________________________________________________ 5543 2023-2024 Regular Sessions IN SENATE March 8, 2023 ___________ Introduced by Sen. COMRIE -- read twice and ordered printed, and when printed to be committed to the Committee on Budget and Revenue AN ACT to amend the tax law, in relation to excluding from state income tax certain unemployment compensation benefits The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subdivision (c) of section 612 of the tax law is amended by 2 adding a new paragraph 47 to read as follows: 3 (47) For each taxable year beginning on and after January first, two 4 thousand twenty-two, an amount up to ten thousand two hundred dollars of 5 unemployment compensation received by a taxpayer. 6 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD03908-01-3