Senate Bill S4309

2011-2012 Legislative Session

Reduces the marginal personal income tax for taxable years beginning after 2005 to 6.5%; 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

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

2011-S4309 (ACTIVE) - Details

Current Committee:
Senate Investigations And Government Operations
Law Section:
Tax Law
Laws Affected:
Amd §601, Tax L

2011-S4309 (ACTIVE) - Summary

Reduces the marginal personal income tax for taxable years beginning after 2005 to 6.5%.

2011-S4309 (ACTIVE) - Sponsor Memo

2011-S4309 (ACTIVE) - Bill Text download pdf

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

                                  4309

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                             March 28, 2011
                               ___________

Introduced  by  Sens.  DeFRANCISCO,  MAZIARZ,  SEWARD  -- 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 personal income tax rates;
  and to repeal paragraph 1 of subsections (a), (b) and (c)  of  section
  601 of the tax law, in relation thereto

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

  Section 1. Paragraph 1 of subsections (a), (b) and (c) of section  601
of the tax law are REPEALED  and paragraphs 2, 3, 4, 5, 6, 7, 8 and 9 of
subsections (a), (b) and (c) are renumbered paragraphs 1, 2, 3, 4, 5, 6,
7 and 8.
  S  2. Paragraph 1 of subsections (a), (b) and (c) and subparagraph (A)
of paragraph 1 of subsection (d) of section 601 of the  tax  law,  para-
graph  1 of subsections (a), (b) and (c) as amended by section 1 of part
Z1 of chapter 57 of the laws of 2009 and as renumbered by section  1  of
this  act  and  subparagraph  (A)  of  paragraph  1 of subsection (d) as
amended by section 1 of part R of chapter 63 of the laws  of  2003,  are
amended to read as follows:
  (1)  For  taxable  years beginning after two thousand five [and before
two thousand nine and after two thousand eleven]:

If the New York taxable income is:    The tax is:
Not over $16,000                      4% of the New York taxable
                                      income
Over $16,000 but not over $22,000     $640 plus 4.5% of excess over
                                      $16,000
Over $22,000 but not over $26,000     $910 plus 5.25% of excess over
                                      $22,000
Over $26,000 but not over $40,000     $1,120 plus 5.9% of excess over

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07271-01-1

              

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.