Bill Text: NY S03629 | 2019-2020 | General Assembly | Introduced


Bill Title: Allows an additional New York itemized deduction for federal income taxes paid; $5,000 for unmarried individuals and married individuals filing separately, $10,000 for married individuals filing jointly.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2020-01-08 - REFERRED TO BUDGET AND REVENUE [S03629 Detail]

Download: New_York-2019-S03629-Introduced.html


                STATE OF NEW YORK
        ________________________________________________________________________
                                          3629
                               2019-2020 Regular Sessions
                    IN SENATE
                                    February 11, 2019
                                       ___________
        Introduced  by  Sen.  RANZENHOFER -- read twice and ordered printed, and
          when printed to be committed to the Committee on Budget and Revenue
        AN ACT to amend the tax law, in relation to allowing an  additional  New
          York itemized deduction for federal income taxes paid
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Subsection (d) of section 615 of the tax law is amended  by
     2  adding a new paragraph 6 to read as follows:
     3    (6)  the  amount, not exceeding five thousand dollars for an unmarried
     4  individual or a married individual filing  a  separate  return,  or  ten
     5  thousand  dollars  for  married  individuals  filing  a joint return, of
     6  federal income taxes paid during the taxable year.
     7    § 2. This act shall take effect January 1, 2020.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD01799-01-9
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