Bill Text: NY A06803 | 2015-2016 | General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2016-05-26 - print number 6803a [A06803 Detail]

Download: New_York-2015-A06803-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         6803
                              2015-2016 Regular Sessions
                                 I N  A S S E M B L Y
                                     April 2, 2015
                                      ___________
       Introduced by M. of A. CUSICK -- read once and referred to the Committee
         on Ways and Means
       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:
    1    Section 1. Subsection (i) of section 612 of the tax law is REPEALED.
    2    S  2.  This  act  shall take effect immediately and shall apply to all
    3  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