What's happening
This bill creates a personal income tax credit for certain retired New York state managerial or confidential employees whose salary increases were withheld in 2009 or 2010.
Why it matters
Addresses past salary inequities. The bill provides compensation for retired state managerial or confidential employees who missed out on salary increases in 2009 or 2010, acknowledging a historical financial disadvantage.
Targeted financial relief. By offering up to $1,000 annually for five years as a tax credit, the measure delivers direct, recurring financial support specifically to those affected, rather than a one-time payment.
Flexibility in claiming the benefit. The ability to carry the tax credit forward or backward for three years ensures retirees can fully utilize the credit, even if they do not have enough tax liability in a single year, making the benefit more accessible.
Recognition of state workforce contributions. This legislation effectively serves as a gesture of goodwill and recognition to a segment of public employees whose compensation was frozen during economic hardship, potentially improving morale and trust in state governance.
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Who cares
Headline styles
Tax Credit for State Retirees
Plain English, a few words. Used as the page title.
Sponsors
1 Co-sponsor
History
- Print number 3066b
- Amend and recommit to investigations and government operations
- Referred to investigations and government operations
- Print number 3066a
- Amend (t) and recommit to investigations and government operations
- 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.
Tax Credit for State Retirees
In Assembly Committee · Ways And Means · Sponsor Patricia Fahy
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
3066--B
2017-2018 Regular Sessions
IN SENATE
January 19, 2017
Introduced by Sens. YOUNG, BOYLE -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Government Operations -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee -- recommitted to the Committee on Investigations and Government Operations in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee
AN ACT to amend the tax law, in relation to establishing a personal income tax credit for certain employees who served in a position or positions in the classified service of the state of New York, designated managerial or confidential pursuant to article fourteen of the civil service law
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Section 606 of the tax law is amended by adding a new subsection (ccc) to read as follows:
(ccc) Management/confidential personal income tax credit. (1) A taxpayer who served in a position or positions in the classified service of the state of New York designated managerial or confidential pursuant to article fourteen of the civil service law and has retired or is retiring between April first, two thousand nine and March thirty-first, two thousand twenty and had a salary increase authorized under chapter ten of the laws of two thousand eight which was withheld for the fiscal years two thousand nine and/or two thousand ten shall be allowed a credit against the tax imposed by this article of up to one thousand dollars annually for five years. The comptroller shall certify to the department a listing of all such taxpayers deemed eligible as defined above.
(2) Any tax credit not used in the taxable year of retirement may be carried forward or backwards for three calendar years until the full credit has been allowed.
§ 2. This act shall take effect immediately and shall apply to taxable years beginning on and after January 1, 2018.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD08573-03-8
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Sponsor's memo
Title of bill
An act to amend the tax law, in relation to establish- ing a personal income tax credit for certain employees who served in a position or positions in the classified service of the state of New York, designated managerial or confidential pursuant to article fourteen of the civil service law
Purpose or general idea of bill
This bill provides certain employees designated managerial or confiden- tial to receive a tax credit to partially replace the value of salary increases that were withheld in 2009 and /or 2010.
Summary of provisions
Amends section 606 of the tax law by adding a new subsection (ccc) to provide a tax credit to certain employees designated managerial or confidential and retired between April 1, 2009 and March 31, 2020.
Justification
This measure provides a tax credit to those management confidential employees that retired after having salary increases withheld for 2009 and/or 2010. New York State saved over $450 million in salaries and fringe benefits from the withholding of salary increase for 2009 and 2010. No more than 4,000 eligible retirees are expected to take advan- tage of this tax credit. The average total tax credits realized by the average eligible retiree would be $1,500, far less than the salary with- held. It is only fair to restore some of the lost value of the withheld salaries.
Prior legislative history
2017: S.3066-A/A.5211-B Referred to Investigations and Government Oper- ations
Fiscal /implications for state and local governments
Annual tax revenue decreased by $3.7 Million average over the 3-year life of this bill.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.