Senate Bill S4126

2015-2016 Legislative Session

Relates to repealing subsection (i) of section 612 of the tax law relating to the elimination of the personal income tax deduction for percentage depletion; repealer

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Investigations And Government Operations 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

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2015-S4126 (ACTIVE) - Details

Current Committee:
Senate Investigations And Government Operations
Law Section:
Tax Law
Laws Affected:
Rpld §612 sub§ (i), Tax L

2015-S4126 (ACTIVE) - Summary

Repeals provisions relating to the elimination of the personal income tax deduction for percentage depletion.

2015-S4126 (ACTIVE) - Sponsor Memo

2015-S4126 (ACTIVE) - Bill Text download pdf 

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

                                  4126

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                              March 2, 2015
                               ___________

Introduced  by  Sen.  GOLDEN -- read twice and ordered printed, and when
  printed to be committed to the Committee on Investigations and Govern-
  ment Operations

AN ACT to repeal subsection (i) of section 612 of the tax  law  relating
  to the elimination of the personal income tax deduction for percentage
  depletion

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

  Section 1. Subsection (i) of section 612 of the tax law is REPEALED.
  S 2. This act shall take effect immediately and  shall  apply  to  all
taxable years beginning on or after January first, two thousand fifteen.







 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09652-01-5

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