Bill Text: NY S04104 | 2015-2016 | General Assembly | Amended
Bill Title: Establishes a senior citizen utility circuit breaker personal income tax credit.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2016-01-14 - PRINT NUMBER 4104A [S04104 Detail]
Download: New_York-2015-S04104-Amended.html
STATE OF NEW YORK ________________________________________________________________________ 4104--A 2015-2016 Regular Sessions IN SENATE February 27, 2015 ___________ Introduced by Sen. CARLUCCI -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations -- recommitted to the Committee on Investigations and Government Operations in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the tax law, in relation to establishing a senior utili- ty circuit breaker personal income tax credit The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 606 of the tax law is amended by adding a new 2 subsection (ccc) to read as follows: 3 (ccc) Senior utility circuit breaker tax credit. (1) Definitions. For 4 the purposes of this subsection: 5 (A) "Qualified taxpayer" means a resident individual, married or head 6 of household taxpayer who is over sixty-five years of age, with a house- 7 hold gross income of one hundred fifty thousand dollars or less. 8 (B) "Household" or "members of the household" means a qualified 9 taxpayer and all other persons, not necessarily related, who have the 10 same residence and share its furnishings, facilities and accommodations. 11 Such terms shall not include a tenant, subtenant, roomer or boarder who 12 is not related to the qualified taxpayer in any degree specified in 13 paragraphs one through eight of subsection (a) of section one hundred 14 fifty-two of the internal revenue code. Provided, however, no person may 15 be a member of more than one household at one time. 16 (C) "Household gross income" means the aggregate adjusted gross income 17 of all members of the household for the taxable year as reported for 18 federal income tax purposes, or which would be reported as adjusted 19 gross income if a federal income tax return were required to be filed, 20 with the modifications in subsection (b) of section six hundred twelve 21 of this article but without the modifications in subsection (c) of such EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD09183-02-6
