Bill Text: NY S00435 | 2019-2020 | General Assembly | Introduced

Bill Title: Eliminates the one-year time requirement for aggregation payments.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Engrossed) 2019-03-14 - referred to ways and means [S00435 Detail]

Download: New_York-2019-S00435-Introduced.html

                STATE OF NEW YORK
                               2019-2020 Regular Sessions
                    IN SENATE
                                     January 9, 2019
        Introduced  by  Sen. HOYLMAN -- read twice and ordered printed, and when
          printed to be committed to the Committee on Investigations and Govern-
          ment Operations
        AN ACT to amend the tax law, in relation  to  eliminating  the  one-year
          time requirement for aggregation payments
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Section 1807 of the tax law, as amended  by  section  5  of
     2  subpart  A  of  part  S of chapter 57 of the laws of 2010, is amended to
     3  read as follows:
     4    § 1807. Aggregation. For purposes of this article,  the  payments  due
     5  and not paid under a single article of this chapter pursuant to a common
     6  scheme or plan or due and not paid, [within one year,] may be charged in
     7  a  single  count,  and  the  amount of underpaid tax liability incurred,
     8  [within one year,] may be aggregated in a single count.
     9    § 2. This act shall take effect on the first of January next  succeed-
    10  ing the date upon which it shall have become a law.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.