Bill Text: NY A00230 | 2023-2024 | General Assembly | Introduced

New York Assembly Bill 230

Introduced

Bill Title: Amends the threshold of resident individuals required to file New York state income tax returns.

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Introduced) 2024-01-03 - referred to ways and means [A00230 Detail]

Download: New_York-2023-A00230-Introduced.html




                STATE OF NEW YORK
        ________________________________________________________________________

                                           230

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                       (Prefiled)

                                     January 4, 2023
                                       ___________

        Introduced  by  M. of A. MAGNARELLI, PAULIN -- read once and referred to
          the Committee on Ways and Means

        AN ACT to amend the tax law, in relation to filing of income tax returns

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section  1.  Paragraph  1  of subsection (a) of section 651 of the tax
     2  law, as amended by section 6 of part J of chapter  59  of  the  laws  of
     3  2014, is amended to read as follows:
     4    (1)  every  resident  individual (A) required to file a federal income
     5  tax return for the taxable year, or (B) having  federal  adjusted  gross
     6  income  for  the  taxable  year,  increased  by  the modifications under
     7  subsection (b) of section six hundred twelve of this article, [in excess
     8  of four thousand dollars,  or]  in  excess  of  his  New  York  standard
     9  deduction,  [if lower,] or (C) having received during the taxable year a
    10  lump sum distribution any portion of  which  is  subject  to  tax  under
    11  section six hundred three of this article;
    12    § 2. This act shall take effect immediately and shall apply to taxable
    13  years beginning on or after January 1, 2024.





         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD00276-01-3