Bill
Bill > A05728
NY A05728
NY A05728Excludes unemployment compensation from being included in the computation of state income tax.
summary
Introduced
03/23/2023
03/23/2023
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 unemployment compensation benefits from state income tax
AI Summary
This bill amends the New York state tax law to exclude unemployment compensation benefits from being included in the computation of state income tax starting in the 2023 tax year. The bill aims to provide tax relief for individuals who have received unemployment benefits during the relevant period.
Committee Categories
Budget and Finance
Sponsors (9)
Phara Souffrant Forrest (D)*,
Brian Cunningham (D),
Inez Dickens (D),
Jessica González-Rojas (D),
Zohran Mamdani (D),
Phil Ramos (D),
Karines Reyes (D),
Jo Anne Simon (D),
Fred Thiele (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
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2023/A5728 | 03/23/2023 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A05728&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A05728 | 03/23/2023 |
Loading...