Bill Text: NY S07539 | 2013-2014 | General Assembly | Introduced

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Bill Title: Eliminates the one-year time requirement for aggregation payments.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2014-05-15 - REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS [S07539 Detail]

Download: New_York-2013-S07539-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         7539
                                   I N  S E N A T E
                                     May 15, 2014
                                      ___________
       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    S 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    S 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.
                                                                  LBD15170-01-4