Bill Text: NY A05728 | 2023-2024 | General Assembly | Introduced

New York Assembly Bill 5728 (Prior Session Legislation)

Introduced

Bill Title: Excludes unemployment compensation from being included in the computation of state income tax.

Spectrum: Partisan Bill (Democrat 9-0)

Status: (Introduced - Dead) 2024-01-03 - referred to ways and means [A05728 Detail]

Download: New_York-2023-A05728-Introduced.html




                STATE OF NEW YORK
        ________________________________________________________________________

                                          5728

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                     March 23, 2023
                                       ___________

        Introduced  by M. of A. FORREST -- read once and referred to the Commit-
          tee on Ways and Means

        AN ACT to amend the tax  law,  in  relation  to  excluding  unemployment
          compensation benefits from state income tax

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Subsection (c) of section 612 of the tax law is amended  by
     2  adding a new paragraph 47 to read as follows:
     3    (47)  For  each taxable year beginning on and after January first, two
     4  thousand twenty-three,  the  amount  of  any  unemployment  compensation
     5  received by a taxpayer.
     6    § 2. This act shall take effect immediately.







         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD09825-01-3