Bill
Bill > A03705
NY A03705
NY A03705Excludes from state income tax up to $10,200 of unemployment compensation benefits earned by a resident of the state.
summary
Introduced
02/07/2023
02/07/2023
In Committee
01/03/2024
01/03/2024
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
2023-2024 General Assembly
Bill Summary
AN ACT to amend the tax law, in relation to excluding from state income tax unemployment compensation benefits
AI Summary
This bill amends the tax law to exclude up to $10,200 of unemployment compensation benefits received by a taxpayer from state income tax for each taxable year beginning on or after January 1, 2022. The bill aims to provide some tax relief for individuals who received unemployment benefits during the relevant time period.
Committee Categories
Budget and Finance
Sponsors (8)
Jenifer Rajkumar (D)*,
Catalina Cruz (D),
Jeffrey Dinowitz (D),
Charles Fall (D),
Marcela Mitaynes (D),
Amy Paulin (D),
Linda Rosenthal (D),
Rebecca Seawright (D),
Last Action
referred to ways and means (on 01/03/2024)
Bill Topics
Labor and Employment
- ‐ Employee Benefits
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2023/A3705 | 02/07/2023 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A03705&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A03705 | 02/07/2023 |
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