Summary of Bill S 2213

Bill Information

• Bill Number: S 2213
• Title: Relates to the individuals who are required to file New York state income tax returns
• Status: Referred to Budget and Revenue
• Introduced: January 16, 2025
• Classification: Bill

Purpose and Intent

Bill S 2213 aims to clarify and potentially modify the requirements for individuals who are obligated to file income tax returns in the state of New York. The intent behind this legislation is to ensure that the tax filing process is equitable and reflects current economic conditions, thereby potentially easing the burden on certain taxpayers.

Key Provisions

While the specific text of the bill is not provided, typical provisions in similar legislation may include:
- Income Threshold Adjustments: Changes to the income levels at which individuals are required to file tax returns.
- Exemptions and Deductions: Introduction or modification of exemptions that could reduce the number of individuals required to file.
- Filing Requirements for Specific Groups: Potentially altering filing requirements for certain demographics, such as low-income earners, students, or retirees.

Who Would Be Affected

The bill would primarily impact:
- Individual Taxpayers: Those who currently file or are required to file New York state income tax returns.
- Low-Income Earners: If income thresholds are raised, more low-income individuals may be exempt from filing.
- Tax Preparers and Accountants: Changes in filing requirements could affect how tax professionals advise their clients.

Procedural Aspects

• Current Status: The bill has been referred to the Budget and Revenue committee as of January 16, 2025. This indicates that it is in the early stages of the legislative process and will undergo review and discussion by committee members.
• Related Bills: The bill is associated with several prior-session bills (S 5595, S 1131, S 2169) and has a companion bill in the Assembly (A 648), suggesting ongoing legislative interest in this area.

Conclusion

Bill S 2213 represents an effort to refine the requirements for filing New York state income tax returns, potentially impacting a significant number of taxpayers. As the bill progresses through the legislative process, further details will emerge, clarifying its specific provisions and implications for New York residents.