Grants taxpayer an automatic extension of time for filing a return and paying personal income taxes where a state budget is not timely enacted into law; provides that no penalties or interest shall be assessed, or imposed upon a taxpayer during such extension.
STATE OF NEW YORK
________________________________________________________________________
2643
2015-2016 Regular Sessions
IN ASSEMBLY
January 20, 2015
___________
Introduced by M. of A. TEDISCO -- Multi-Sponsored by -- M. of A. CROUCH,
FITZPATRICK, KOLB, MILLER, THIELE -- read once and referred to the
Committee on Ways and Means
AN ACT to amend the tax law, in relation to granting an automatic exten-
sion of time for filing a personal income tax return and paying a
personal income tax when the state budget has not been timely enacted
into law
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 657 of the tax law is amended by adding a new
2 subsection (d) to read as follows:
3 (d) Automatic extension for late approval of state budget. An automat-
4 ic extension of time equal to a total calculated by subtracting one from
5 the number of days after April first and upon which the last of the
6 public protection and general government budget bill, the education,
7 labor and family assistance budget bill, health and mental hygiene budg-
8 et bill, the transportation, economic development and environmental
9 conservation budget bill, the legislative and judiciary budget bill or
10 the debt service budget bill has been enacted into law shall be deemed
11 granted for filing a tax return or paying a tax otherwise required on
12 April fifteenth. No penalties or interest shall be assessed or imposed
13 upon a taxpayer during such extension as herein granted.
14 § 2. This act shall take effect immediately and shall apply to taxable
15 years beginning on and after January 1, 2016.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD02644-01-5
