What's happening
Writing a plain-English summary… Track this bill to get it by email.
Why it matters
Albany, before your first meeting.
Every bill that moved yesterday, summarized in a sentence and ranked by impact. The Albany Scorecard follows on Sundays.
Free. Unsubscribe in one click. Want alerts on specific bills? Create an account.
Who cares
Headline styles
Sponsors
Senator · Senate District 5
1 Co-sponsor
History
- Committed to rules
- Advanced to third reading
- 2nd report cal.
- 1st report cal.7
- Referred to investigations and government operations
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.
Requires the commissioner of taxation and finance to issue an annual report on certain tax credits for the preceding state fiscal year
In Assembly Committee · Ways And Means · Sponsor Steven Englebright
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S6138
Title of bill
An act to amend the tax law, in relation to requiring the commissioner of taxation and finance to issue an annual report disclosing the aggregate amount claimed on certain tax credits for the preceding state fiscal year
Purpose
This legislation requires the Commissioner of the Department of Taxation and Finance to annually issue a report disclosing information on claimed tax credits by total number of taxpayers and total amount claimed for each credit in the preceding tax year.
Summary of specific provisions
This legislation requires the Commissioner of the Department of Taxation and Finance to annually issue a report disclosing information on claimed tax credits by total number of taxpayers and total amount claimed for each credit in the preceding tax year. This report is in addition to any other reporting requirements already required by law.
Justification
For the State, and the legislature, to make budget decisions, more information is needed to calculate the full costs of tax credits. This bill will give legislators tax credit details that are currently unavailable. This data will allow fiscal decisions to be made with the appropriate information. It is important and appropriate to have accessibility to this information for fiscal planning purposes.
Prior legislative history
New Bill.
Fiscal implications
None.
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.