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Who cares
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Sponsors
No co-sponsors yet.
History
- Substituted by A7605A
- Ordered to third reading cal.1520
- Referred to rules
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Relates to treatment of member contributions in accordance with the provisions of the Internal Revenue Code
Signed by Governor · Sponsor Peter Abbate
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S5837
Title of bill
An act to amend the retirement and social security law and the tax law, in relation to the treatment of member contributions in accordance with the provisions of the Internal Revenue Code
Purpose or general idea of bill
The purpose of this bill is to align the contributions made by members of the New York State and Local police and Fire retirement system pursuant to Tier V with the Federal internal revenue code.
Summary of specific provisions
Sections one of this bill would treat member contributions as part of a member's salary for tax purposes.
Justification
Similar provisions exist with regard to all other NYS retirement systems which require contributions,
Prior legislative history
New Bill.
Fiscal implications
See fiscal note.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.