A 648: Amends the threshold of resident individuals required to file New York state income tax returns.

  
  STATE OF NEW YORK ________________________________________________________________________ 648 2025-2026 Regular Sessions  IN ASSEMBLY (Prefiled) January 8, 2025 ___________ Introduced by M. of A. MAGNARELLI, PAULIN, LUPARDO -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to filing of income tax returns The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Paragraph 1 of subsection (a) of section 651 of the tax 2 law, as amended by section 6 of part J of chapter 59 of the laws of 3 2014, is amended to read as follows: 4 (1) every resident individual (A) required to file a federal income 5 tax return for the taxable year, or (B) having federal adjusted gross 6 income for the taxable year, increased by the modifications under 7 subsection (b) of section six hundred twelve of this article, [in excess 8 of four thousand dollars, or] in excess of his New York standard 9 deduction, [if lower,] or (C) having received during the taxable year a 10 lump sum distribution any portion of which is subject to tax under 11 section six hundred three of this article; 12 § 2. This act shall take effect immediately and shall apply to taxable 13 years beginning on or after January 1, 2026. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD00851-01-5