Bill Text: NY S00851 | 2019-2020 | General Assembly | Introduced
Bill Title: Provides that taxpayers in the city of New York with certain lower income levels shall not be subject to city personal income taxation.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2020-01-08 - REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS [S00851 Detail]
Download: New_York-2019-S00851-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 851 2019-2020 Regular Sessions IN SENATE January 9, 2019 ___________ Introduced by Sen. BENJAMIN -- 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 making certain taxpayers exempt from the city personal income tax of the city of New York The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Paragraphs 1, 2 and 3 of subsection (b) of section 1304 of 2 the tax law, as amended by section 3 of part F of chapter 61 of the laws 3 of 2017, are amended to read as follows: 4 (1) Resident married individuals filing joint returns and resident 5 surviving spouses. The tax under this section for each taxable year on 6 the city taxable income of every city resident married individual who 7 makes a single return jointly with his or her spouse under subsection 8 (b) of section thirteen hundred six of this article and on the city 9 taxable income of every city resident surviving spouse shall be deter- 10 mined in accordance with the following table: 11 For taxable years beginning after two thousand twenty: 12 If the city taxable income is: The tax is: 13 Not over [$21,600 1.18% of the city taxable income14Over $21,600 but not $255 plus 1.435% of excess15over] $45,000 [over $21,600] 0% of the city 16 taxable income 17 Over $45,000 but not $591 plus 1.455% of excess 18 over $90,000 over $45,000 19 Over $90,000 $1,245 plus 1.48% of excess 20 over $90,000 EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD06072-01-9S. 851 2 1 (2) Resident heads of households. The tax under this section for each 2 taxable year on the city taxable income of every city resident head of a 3 household shall be determined in accordance with the following table: 4 For taxable years beginning after two thousand twenty: 5 If the city taxable income is: The tax is: 6 Not over [$14,400 1.18% of the city taxable income7Over $14,400 but not $170 plus 1.435% of excess8over $30,000] $32,500 [over $14,400] 0% of the 9 city taxable income 10 Over [$30,000] $32,500 $394 plus 1.455% of excess 11 but not over $60,000 over [$30,000] $32,500 12 Over $60,000 $830 plus 1.48% of 13 excess over $60,000 14 (3) Resident unmarried individuals, resident married individuals 15 filing separate returns and resident estates and trusts. The tax under 16 this section for each taxable year on the city taxable income of every 17 city resident individual who is not a city resident married individual 18 who makes a single return jointly with his or her spouse under 19 subsection (b) of section thirteen hundred six of this article or a city 20 resident head of household or a city resident surviving spouse, and on 21 the city taxable income of every city resident estate and trust shall be 22 determined in accordance with the following table: 23 For taxable years beginning after two thousand twenty: 24 If the city taxable income is: The tax is: 25 Not over [$12,000 1.18% of the city taxable income26Over $12,000 but not $142 plus 1.435% of excess27over $25,000] $32,500 [over $12,000] 0% of the 28 city taxable income 29 Over [$25,000] $32,500 $328 plus 1.455% of excess 30 but not over $50,000 over [$25,000] $32,500 31 Over $50,000 $692 plus 1.48% of excess 32 over $50,000 33 § 2. Paragraph 1 of subsection (a) of section 1304-B of the tax law, 34 as amended by section 4 of part F of chapter 61 of the laws of 2017, is 35 amended to read as follows: 36 (1) In addition to any other taxes authorized by this article, any 37 city imposing such taxes is hereby authorized and empowered to adopt and 38 amend local laws imposing in any such city for each taxable year begin- 39 ning after nineteen hundred ninety but before two thousand twenty-one, 40 an additional tax on the city taxable income of every city resident 41 individual, estate and trust, to be calculated for each taxable year as 42 follows: (i) for each taxable year beginning after nineteen hundred 43 ninety but before nineteen hundred ninety-nine, at the rate of fourteen 44 percent of the sum of the taxes for each such taxable year determined 45 pursuant to section thirteen hundred four and section thirteen hundred 46 four-A of this article; and (ii) for each taxable year beginning after 47 nineteen hundred ninety-eight, at the rate of fourteen percent of the 48 tax for such taxable year determined pursuant to such section thirteen 49 hundred four; provided, however, that any taxable income with a tax rateS. 851 3 1 of zero percent shall not be subject to any additional tax pursuant to 2 this section. 3 § 3. Subparagraph (A) of paragraph 1, subparagraph (A) of paragraph 2 4 and subparagraph (A) of paragraph 3 of subsection (a) of section 1304-D 5 of the tax law, as added by section 1 of part B of chapter 63 of the 6 laws of 2003, are amended to read as follows: 7 (A) For taxable years beginning in two thousand five: 8 If the city taxable income is: The tax is: 9 Not over [$21,600 2.907% of the city taxable income10Over $21,600 but not $628 plus 3.534% of excess11over] $45,000 [over $21,600] 0% of the city 12 taxable income 13 Over $45,000 but not $1,455 plus 3.591% of excess 14 over $90,000 over $45,000 15 Over $90,000 but not $3,071 plus 3.648% of excess 16 over $150,000 over $90,000 17 Over $150,000 but not $5,260 plus 4.05% of excess 18 over $500,000 over $150,000 19 Over $500,000 $19,435 plus 4.45% of excess 20 over $500,000 21 (A) For taxable years beginning in two thousand five: 22 If the city taxable income is: The tax is: 23 Not over [$14,400 2.907% of the city taxable income24Over $14,400 but not $419 plus 3.534% of excess25over $30,000] $32,500 [over $14,400] 0% of the 26 city taxable income 27 Over [$30,000] $32,500 but not $970 plus 3.591% of excess 28 over $60,000 over [$30,000] $32,500 29 Over $60,000 but not $2,047 plus 3.648% of excess 30 over $125,000 over $60,000 31 Over $125,000 but not $4,418 plus 4.05% of excess 32 over $500,000 over $125,000 33 Over $500,000 $19,606 plus 4.45% of excess 34 over $500,000 35 (A) For taxable years beginning in two thousand five: 36 If the city taxable income is: The tax is: 37 Not over [$12,000 2.907% of the city taxable income38Over $12,000 but not $349 plus 3.534% of excess39over $25,000] $32,500 [over $12,000] 0% of the 40 city taxable income 41 Over [$25,000] $32,500 but not $808 plus 3.591% of excess 42 over $50,000 over [$25,000] $32,500 43 Over $50,000 but not $1,706 plus 3.648% of excess 44 over $100,000 over $50,000 45 Over $100,000 but not $3,530 plus 4.05% of excess 46 over $500,000 over $100,000 47 Over $500,000 $19,730 plus 4.45% of excess 48 over $500,000 49 § 4. This act shall take effect immediately.
