Assembly Bill A4007

2015-2016 Legislative Session

Includes distributions to an employer sponsored retirement plans in the definition of "income" for determining eligibility in the school tax relief program (STAR)

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions

co-Sponsors

2015-A4007 (ACTIVE) - Details

Current Committee:
Assembly Real Property Taxation
Law Section:
Real Property Tax Law
Laws Affected:
Amd §425, RPT L
Versions Introduced in Other Legislative Sessions:
2009-2010: A5445
2011-2012: A7526
2013-2014: A5773
2017-2018: A3241, A9706
2019-2020: A4548
2021-2022: A4844
2023-2024: A4247

2015-A4007 (ACTIVE) - Summary

Includes distributions to an employer sponsored retirement plan in the definition of "income" for determining eligibility in the school tax relief program (STAR).

2015-A4007 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  4007

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                            January 28, 2015
                               ___________

Introduced by M. of A. McKEVITT, GRAF, KOLB -- read once and referred to
  the Committee on Real Property Taxation

AN  ACT  to  amend the real property tax law, in relation to an employer
  sponsored retirement plan

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Subparagraph  (ii)  of  paragraph (b) of subdivision 4 of
section 425 of the real property tax law, as amended  by  section  3  of
part E of chapter 83 of the laws of 2002, is amended to read as follows:
  (ii)  The  term "income" as used herein shall mean the "adjusted gross
income" for federal income tax purposes as reported on  the  applicant's
federal  or  state income tax return for the applicable income tax year,
subject to any subsequent amendments or revisions, reduced  by  distrib-
utions,  to  the  extent  included  in  federal  adjusted  gross income,
received from an individual  retirement  account  [and],  an  individual
retirement  annuity  AND AN EMPLOYER SPONSORED RETIREMENT PLAN; provided
that if no such return was filed for the  applicable  income  tax  year,
"income"  shall  mean  the adjusted gross income that would have been so
reported if such a return had been filed.
  S 2. This act shall take effect immediately.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08309-01-5

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.