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S50038Senate2009-2010 SessionSame asA7530Same asS65055Same asS3335Same asS60435

Extends the expiration date of the personal income tax surcharge for the city of Yonkers

Sponsor Rules Committee
Status
In Senate Committee
Rules
Impact
Pending
Outcome
Companion signed

Bill progress

Signed via A7530

What's happening

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Who cares

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Sponsors

Primary sponsor
Rules Committee

No co-sponsors yet.

History

  1. Referred to rules

Companion bills

Full text

The text isn't available here yet. Check nysenate.gov.

Sponsor's memo

Title of bill

An act to amend the tax law and chapter 535 of the laws of 1987, amending the tax law relating to the city of Yonkers personal income tax surcharge, in relation to extending the expiration date of the personal income tax surcharge

Purpose

This bill extends for the personal income tax surcharge in the city of Yonkers for two additional years.

Summary of provisions

This bill amends subsection various provisions of the tax law to extend the city of Yonkers personal income tax for two additional years.

Existing law

Under current law the city of Yonkers personal income tax surcharge expires September 30, 2009.

Justification

In order for the City of Yonkers to adopt its Fiscal Year 2009-10 Budget, the Income Tax Surcharge must be extended since these revenues are included in the city of Yonkers 2009-10 budget.

Legislative history

New bill.

Fiscal implications

This proposal will preserve $9.9 million in City Fiscal Year 2009-10.

Effective date

Immediately.

Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.