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A05728 Summary:

BILL NOA05728
 
SAME ASNo Same As
 
SPONSORForrest
 
COSPNSRGonzalez-Rojas, Thiele, Dickens, Reyes, Ramos, Simon, Cunningham
 
MLTSPNSR
 
Amd §612, Tax L
 
Excludes unemployment compensation from being included in the computation of state income tax.
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A05728 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          5728
 
                               2023-2024 Regular Sessions
 
                   IN ASSEMBLY
 
                                     March 23, 2023
                                       ___________
 
        Introduced  by M. of A. FORREST -- read once and referred to the Commit-
          tee on Ways and Means
 
        AN ACT to amend the tax  law,  in  relation  to  excluding  unemployment
          compensation benefits from state income tax
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Subsection (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-three,  the  amount  of  any  unemployment  compensation
     5  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.
                                                                   LBD09825-01-3
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