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History
- Referred to investigations and government operations
- Referred to investigations and government operations
Full text
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Sponsor's memo
Title of bill
An act to amend the tax law, in relation to exempting from personal income tax any monies from the local property tax rebate program
Purpose
To exempt current rebate checks from being taxed as income.
Summary of provisions
Section 1 amends subsection c of section 612 of the tax law by adding a new paragraph 39.
Justification
It is unfair for the current rebate checks to be classified as income for tax purposes. Therefore, this legislation is needed to correct the situation.
Legislative history
2008-07 S.5081 - Referred to Investigations and Government Relations
2006-05 S.8507 - Referred to Investigations and Government Relations
Fiscal implications
To be determined.
Fiscal implications
To be determined
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.