Provides a tax credit for certain state employees who served in a position or positions in the classified service of the state of New York designated managerial or confidential pursuant to article fourteen of the civil service law.
STATE OF NEW YORK
________________________________________________________________________
892
2019-2020 Regular Sessions
IN SENATE
January 9, 2019
___________
Introduced by Sens. YOUNG, BOYLE -- read twice and ordered printed, and
when printed to be committed to the Committee on Investigations and
Government Operations
AN ACT to amend the tax law, in relation to establishing a personal
income tax credit for certain employees who served in a position or
positions in the classified service of the state of New York, desig-
nated managerial or confidential pursuant to article fourteen of the
civil service law
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 606 of the tax law is amended by adding a new
2 subsection (jjj) to read as follows:
3 (jjj) Management/confidential personal income tax credit. (1) A
4 taxpayer who served in a position or positions in the classified service
5 of the state of New York designated managerial or confidential pursuant
6 to article fourteen of the civil service law and has retired or is
7 retiring between April first, two thousand nine and March thirty-first,
8 two thousand twenty and had a salary increase authorized under chapter
9 ten of the laws of two thousand eight which was withheld for the fiscal
10 years two thousand nine and/or two thousand ten shall be allowed a cred-
11 it against the tax imposed by this article of up to one thousand dollars
12 annually for five years. The comptroller shall certify to the department
13 a listing of all such taxpayers deemed eligible as defined above.
14 (2) Any tax credit not used in the taxable year of retirement may be
15 carried forward or backwards for three calendar years until the full
16 credit has been allowed.
17 § 2. This act shall take effect immediately and shall apply to taxable
18 years beginning on and after January 1, 2019.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD04141-01-9
