Allows an additional New York itemized deduction for federal income taxes paid; $5,000 for unmarried individuals and married individuals filing separately, $10,000 for married individuals filing jointly.
STATE OF NEW YORK
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3629
2019-2020 Regular Sessions
IN SENATE
February 11, 2019
___________
Introduced by Sen. RANZENHOFER -- 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 allowing an additional New
York itemized deduction for federal income taxes paid
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) the amount, not exceeding five thousand dollars for an unmarried
4 individual or a married individual filing a separate return, or ten
5 thousand dollars for married individuals filing a joint return, of
6 federal income taxes paid during the taxable year.
7 § 2. This act shall take effect January 1, 2020.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD01799-01-9
