Provides that if real property taxes are no longer deductible from federal income taxes, such real property taxes shall continue to be deductible from state personal income taxes.
STATE OF NEW YORK
________________________________________________________________________
8631
2017-2018 Regular Sessions
IN ASSEMBLY
September 1, 2017
___________
Introduced by M. of A. GALEF -- read once and referred to the Committee
on Ways and Means
AN ACT to amend the tax law, in relation to authorizing resident taxpay-
ers, who itemize deductions on their federal income tax returns, to
take a deduction from their federal adjusted gross income, for
purposes of their state personal income taxes, for real property taxes
paid on their primary residence, in the event such deduction is not
allowed on federal income taxes
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subsection (d) of section 615 of the tax law is amended by
2 adding a new paragraph 6 to read as follows:
3 (6) only in the event that real property taxes paid on a taxpayer's
4 property is not an authorized federal itemized deduction, real property
5 taxes paid on the taxpayer's primary residence in the state.
6 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD11511-01-7
