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 - Dead) 2020-02-24 - referred to ways and means [S00435 Detail]
Download: New_York-2019-S00435-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 435 2019-2020 Regular Sessions IN SENATE (Prefiled) 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. LBD00700-01-9
