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subsections (b) and (e) of section
one hundred fifty-one of the inter-

nal revenue code
Over $5,000 but not over $6,000 $75.00 plus such an amount
Over $6,000 but not over $7,000 $65.00 plus such an amount
Over $7,000 but not over $20,000 $60.00 plus such an amount
Over $20,000 but not over $22,000 $60.00 plus amount equal to

$10.00 multiplied by a number which
is one less than the number

of
exemptions for which

the tax payer (or in the

of a husband and wife, taxpayers) is entitled to deduction for the taxable year for federal income tax

purposes

under subsections (b) and (e) of section one hundred fifty-one of the inter

nal revenue code
Over $22,000 but not over $25,000 $50.00 plus such an amount
Over $25,000 but not over $28,000 $40.00 plus an amount equal to $5.00

multiplied by a number which is
less than the number of exemptions
for which the taxpayer (or

the
of husband and wife, tax-
payers) is entitled to deduction
for the taxable year for federal in-
come tax purposes under subsections
(b) and (e) of section one hundred
fifty-one of the internal

code Over $28,000 but not over $32,000 $20.00 plus such an amount

$ 23. Şubparagraph (y) of paragraph one of subsection (e) of section six hundred six of such law, as amended by chapter seven hundred twenty: nine of the laws of nineteen hundred seventy-eight, is amended to read as follows:

(v) "Qualifying real property taxes" means all real property taxes special ad valorem levies and

and special assessments, exclusive of penalties and interest, levied on the residence of a qualified taxpayer and paid during the taxable years, as well as]. In addition, for taxable years beginning after December thirty-first, nineteen hundred eightyfour, a qualified taxpayer may elect to include any additional amount that would have been levied in the absence of an exemption from real property taxation pursuant to section four hundred sixty-seven of the real

property tax law. If tenant-stockholders in a cooperative housing corporation have met the requirements of section two hundred sixteen of the internal revenue code by which they are allowed a deduction for real estate taxes, the amount of taxes so allowable, or which would be allowable if the taxpayer had filed returns a cash basis, shall be qualifying real property taxes. If a residence is owned by two or more individuals as joint tenants or tenants in common, and one or more than one individual is not member of the household, qualifying real property taxes is that part of such taxes on the residence which reflects the ownership percentage of the qualified taxpayer and members of his household.

If

residence is an integral part of a larger unit, qualifying real property taxes shall be limited to that amount of such taxes paid may bé reasonably apportioned to such residence. If a household owns and occupies two or more residences during different periods in the same taxable year, qualifying real property taxes shall be the sum of the prorated qualifying real property taxes attributable to the household during the periods such household occupies each of such residences. If the household owns and occupies a residence for part of the taxable year and rents a residence for part of the same taxable year, it may include both the proration of qualifying real property taxes the residence owned and the real property tax equivalent' with respect to the months the residence is rented. Provided, however, for purposes

of the credit allowed under this subsection, 'qualifying real property taxes may be included by a qualified taxpayer only to the tent that such taxpayer or the spouse of such taxpayer occupying such residence for six months or more of the taxable year owns or has owned the residence and paid such taxes.

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S 24. Paragraph two of subsection (e) of section six hundred six of such law,, as amended by chapter hundred three of the laws of nineteen hundred eighty-one, is amended to read as follows:

(2) For taxable years beginning on or after January first, nineteen hundred seventy-eight and before January first, nineteen hundred eightytwo, qualified taxpayer shall be allowed a credit, as hereinafter provided in paragraph three hereof against the taxes imposed by this article reduced by the credits permitted by this article. For, taxable years beginning on or after January, first, nineteen hundred eighty-two, and before January first, nineteen' hundred eighty-five, a qualified taxpayer shall be allowed a credit, as hereinafter provided in paragraph fourteen hereof against the taxes imposed by, this article reduced by the credits permitted by this article. For taxable years beginning, and after January first, nineteen hundred eighty-five, a qualified taxpayer shall be allowed а credit,

as

hereinafter provided in paragraph fourteen-a of this subsection, against the tax as imposed by this article reduced by the credits permitted by this article. If the credit ceeds the tax,

reduced, for such year under this article, the qualified taxpayer may receive, and the comptroller, subject to a certificate from the state tax commission, shall pay as an overpayment, without interest, any excess between such tax, as so reduced, and the amount of the credit. If a qualified taxpayer is not required to file a return pursuant to section six hundred fifty-one, a qualified taxpayer may, nevertheless, receive and the comptroller, subject to a certificate of the state tax commission, shall pay as an overpayment the full amount of the credit, without interest.

§ 25. Subparagraphs (i), (iii) and (iv), of paragraph seven of subsection (e) of section six hundred six of such law, added by chapter seventy of the laws of nineteen hundred seventy-eight, subparagraph (i) as amended by chapter one hundred three of the laws of nineteen hundred eighty-one, are amended to read as follows:

(i) (A) For the taxable years beginning in nineteen hundred seventyeight, nineteen hundred seventy-nine and nineteen hundred eighty if household gross income for the taxable year exceeds twelve thousand dollars; (B) For the taxable year beginning in nineteen hundred eighty-one if household gross income for the taxable year exceeds thirteen thousand five hundred dollars; (C) For the taxable years, beginning in nineteen hundred eighty-two, nineteen hundred eighty-three and nineteen hundred eighty-four if household gross income exceeds sixteen thousand dollars; (D) For the taxable years beginning in nineteen hundred eighty-five and thereafter if household gross income for the taxable year

exceeds eighteen thousand dollars.

(iii) To a property owner who owns real property, the full value of which exceeds sixty-five thousand dollars and for taxable years beginning in nineteen hundred eighty-five and thereafter, eighty-five thousand dollars.

as

(iv) To a tenant if the adjusted rent for the residence exceeds three hundred dollars per month and for taxable years beginning in nineteen hundred eighty-five and thereafter, if the adjusted rent exceeds four hundred fifty dollars per month on average.

§ 26. Subsection (e) of section six hundred six of such law is amended by adding a new paragraph fourteen-a to read as follows:

(14-a) Determination of credit. For taxable years beginning in nineteen hundred eighty-five and thereafter, for qualified taxpayers the amount of the credit allowable under this subsection shall be fifty percent or in the case of a qualified taxpayer who has elected to include an additional amount

amount pursuant to subparagraph (v) of paragraph one of this subsection, twenty-five percent, of the excess of real property taxes or of the excess of real property tax equivalent determined as follows:

EXPLANATION—Matter in italics is new; matter in brackets [] is old law

to be omitted.

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If household

Excess real property taxgross income

es are the excess of for the tax

the real property tax
able year is:

equivalent or the excess
of qualifying real prope
erty taxes over the fol-
lowing percentage of

household gross income :
0 to 3000

31/Ž 3001 to 5000

4 5001 to 7000

4 1/2 7001 to 9000

5 9001 to 11000

5 1/2 11001 to 14000

6 14001 to 18000

6 1/2

Notwithstanding the foregoing provisions, the maximum credit determined under this paragraph with respect to any taxpayer who has attained the age of sixty-five before or during the taxable year shall not exceed the amount shown in column two below, and with respect to all other taxpayers shall not exceed the amount shown in column three below. Column 1 Column 2

Column 3 If household

The maximum credit for The maximum credit for gross income

qualified taxpayers all other qualified for the taxwho have attained

taxpayers shall be: able year is:

the age of sixty-five
years before the
beginning of or
during the taxable

year shall be:
o to 1000
$375

$75 1001 to 2000

358 2001 to 3000

341

71 3001 to 4000

324

69 4001 to 5000

307

67 5001 to 6000

290

65 6001 to 7000

273 7001 to 8000

256

61 8001 to 9000

239

59 9001 to 10000

222

57 10001 to 11000

205

55 11001 to 12000

188

53 1 2001 to 13000

171

51 13001 to 14000

154

49 14001 to 15000

137

47 15001 to 16000

120 16001 to 17000

103

43 17001 to 18000

41

73

63

45

86

$ 27. Subsection (a) of section six hundred eleven of such law, as added by chapter five hundred sixty-three of the laws of nineteen hundred sixty, is amended to read as follows:

(a) General The New York taxable income of a resident individual shall be his New York adjusted gross income less his New York deduction and New York personal exemptions, and for taxable years beginning after December thirty-first, nineteen hundred eighty-four' reduced or increased by any family adjustment, as determined under this part.

§ 28. Section six hundred fourteen of such law, as amended by chapter one hundred three of the laws of nineteen hundred eighty-one, is amended to read as follows:

614. New York standard deduction of a resident individual. (a) General. (1) For taxable years beginning in nineteen hundred Çeightyone), eighty-seven and thereafter, the New York standard deduction of a resident New

indetermined' jointly as if husband and wife were one taxpayer,] who is not married nor the head of a household nor surviving spouse shall be [seventeen per centum of New York adjusted gross income or] two thousand (five] eight hundred dollars[, whichever is less]; for taxable years beginning in nineteen hundred eighty-six, such standard deduction shall be two thousand six hundred dollars; for taxable years beginning in

nineteen hundred eighty-five, such standard deduction shall be two

a

thousand five hundred dollars; and for taxable years beginning in nineteen hundred eighty-one and thereafter but before nineteen hundred eighty-five, such standard deduction shall be seventeen per centum of New York adjusted gross income or two thousand five hundred dollars, whichever is less;

(2) For taxable years beginning, in nineteen hundred eighty-seven and thereafter, the New York standard deduction of husband and wife, the head of a household or a surviving spouse shall be three thousand eight hundred dollars; for taxable years beginning in nineteen hundred eightysix, such standard deduction shall be three thousand dollars; for taxable years beginning in nineteen hundred, eighty-five, such standard deduct ion shall be two thousand seven hundred fifty dollars; and for taxable years beginning in nineteen hundred (seventy-eight] eighty-one and thereafter but before nineteen hundred [eighty-one) eighty-five, [the] such standard deduction shall be (sixteen] seventeen per centum of New York ad justed gross income or two thousand [four] five hundred dollars, whichever is less; and (b)

Husband and wife determining, income separately. [For taxable years beginning in nineteen hundred eighty-one and thereafter, the] The aggregate New York standard deductions of husband and wife whose New York taxable incomes are determined separately (whether or not on a single form) shall not exceed (seventeen percentum of the aggregate of their separate New York adjusted gross incomes or two thousand five hun dred dollars, whichever is less, but may be taken by either or divided between them as they may elect; except that for taxable years beginning in nineteen hundred seventy-eight and thereafter but before nineteen hundred eighty-one, the standard deductions shall not exceed sixteen per centum of the aggregate of their separate New York adjusted gross incomes or two thousand four hundred dollars, whichever is less] the amount allowed under paragraph two of subsection (a) of this section, and such standard deductions (in each of such taxable years] may be taken by either or divided between them as they may elect.

(c) Minimum New York standard deduction. For taxable years beginning in nineteen hundred [seventy-eight] eighty-one and thereafter but before nineteen hundred eighty-five:

(1) the New York standard deduction of a resident individual who is not married nor the head of a household nor a surviving spouse shall be the amount determined under subsection (a) of this section or one thousand [four] five hundred dollars, whichever is greater[, except that for taxable years beginning in nineteen hundred eighty-one and thereafter the minimum amount shall be fifteen hundred dollars];

(2) the New York standard deduction of a husband and wife whose New York' taxable income is determined jointly, or of the head of a household, or of a surviving spouse shall be the amount determined under subsection (a) of this section or [nineteen hundred), two thousand

or [nineteen hundred] two thousand dollars, whichever is greater except that for

years beginning in nineteen hundred eighty-one and thereafter the minimum amount shall be two thousand dollars]; and

(3) the aggregate New York standard deductions of a husband and wife whosé New York taxable incomes are determined separately. shall be the amount determined under subsection (b) of this section or (nineteen hundred] two thousand dollars, whichever is greater, [except that for taxable years beginning, in nineteen hundred eighty-one and thereafter the minimum amount shall be two thousand dollars,) and such standard deductions may

be taken by either or divided between them as they may elect. § 29.

Subsection (a) of section six hundred sixteen of such law, as amended by chapter one hundred three of the laws of nineteen hundred eighty-one, is amended to read as follows:

(a)' General. For taxable years beginning in nineteen hundred [eightytwo] eighty-seven and thereafter, a resident individual shall be allowed a New York exemption of [eight] nine hundred dollars for each exemption for which he is entitled to a deduction for the taxable year for federal income tax purposes for taxable years beginning in nineteen hundred (eighty, and nineteen hundred eighty-one) eighty-five and nineteen hunared eighty-six şuch exemption shall be (seven) eight hundred fifty dollars, Çfor taxable years beginning in nineteen hundred seventy-nine such exemption shall seven hundred dollars) and for taxable years beginning after nineteen hundred (seventy] eighty-one but before

before nineteen EXPLANATION—Matter in italics is new; matter in brackets [ ] is old law

to be omitted.

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hundred [seventy-nine,] eighty-five such exemption shall be (six] eight
hundred [fifty] dollars.
§ 30. Such law

is

amended by adding two new sections six hundred sixteen-A and six hundred sixteen-B to read as follows:

§ 616-A., Family adjustment. (a) General. For taxable years beginning, after December thirty-first, nineteen hundred eighty-four, any husband and wife, either of whom' is a resident, whose New York' adjusted gross income for the taxable year determined jointly is thirty thousand dollars less, or the aggregate of whose New York adjusted gross income for the taxable year, determined separately, is thirty thousand

dollars less,, shall be entitled to make a family adjustment pursuant to subsection (b) of this section. For taxable years beginning after December thirty-first, nineteen hundred eighty-four, any husband and wife, either of whom is a resident, whose New York ad justed gross income for the taxable year determined jointly is more than thirty thousand dollars but not over forty, thousand dollars, or the aggregate of whose New York adjusted gross income for the taxable year, determined separately, is more than thirty thousand dollars but not over forty thousand dollars, shall be entitled to make a family adjustment pursuant to subsection (c) of this section.

(b) Family adjustment for husband and wife with aggregate New York adjusted gross income of thirty thousand dollars or less. (1) A husband or wife filing separately on a single form may subtract from his or her New York net income an amount not to exceed three thousand dollars onehalf of his or her New York net income, whichever is less, for taxable years beginning in nineteen hundred eighty-five, four thousand dollars

one-half of his or her New York net' income, whichever is less, for taxable years beginning in nineteen hundred eighty-six and five thousand dollars one-half of his or her New York net income, whichever is less, for taxable years beginning in nineteen hundred eighty-seven and thereafter; provided, however, that the spouse of a husband or wife subtracting an amount determined under this paragraph shall add an identical amount to his or her New York net income.

(2) For taxable years beginning in nineteen hundred eighty-five, a husband and wife filing jointly may subtract from their New York net income an amount not to exceed three thousand dollars or one-half of their New York net income whichever is less, four thousand dollars half of their New York net income, whichever is less, for taxable years beginning in nineteen hundred eighty-six and five thousand dollars one-half of their New York net income, whichever is less, for taxable years beginning in nineteen hundred eighty-seven and thereafter; provided,

however,

that any husband and wife subtracting an amount determined under this paragraph shall compute a tax on such amount, to

added to any other taxes due under this article, as if that amount were the sole taxable income of such husband and wife.

(c) Family adjustment for husband and wife with aggregate New York adjusted gross income of more than thirty thousand dollars but

not

over forty thousand dollars. (1) A husband or wife filing separately on a single form may subtract from his or her New York net income

amount not to exceed three thousand dollars or one-half of his or her New York net income, whichever is less, for taxable years beginning in nineteen hundred eighty-five, four thousand dollars or one-half of his or her New York net income, whichever is

for taxable years beginning in nineteen hundred eighty-six and five thousand dollars or one-half of his or her New York net income, whichever is less, for taxable years beginning in nineteen hundred eighty-seven and thereafter; provided, however, that for every one thousand dollars or portion thereof of the aggregate New York ad justed gross income of such' husband and wife for the taxable year over thirty-one thousand dollars, the maximum amount that may be so subtracted shall be reduced by five hundred dollars; provided, further, that the spouse of a husband or wife subtracting amount determined under this paragraph shall add an identical amount to his or her New York net income.

(2) For taxable years beginning in nineteen hundred eighty-five, a husband and wife filing jointly may subtract from their New York net income an amount not to exceed three thousand dollars or one-half of their New York net income whichever is less, four thousand dollars onehalf of their New York net income, whichever is less, for taxable years beginning in nineteen hundred eighty-six and five thousand dollar's or one-half of their New York net income, whichever is less, for taxable years beginning in nineteen hundred eighty-seven and thereafter; provided, however,

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