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us-ny/statute/TAX/601-A/block-1 — Legislation · Axiom

Legislation

§ 601-a. Cost of living adjustment. (a) For tax year two thousand thirteen, the commissioner, not later than September first, two thousand twelve, shall multiply the amounts specified in subsection (b) of this section for tax year two thousand twelve by one plus the cost of living adjustment described in subsection (c) of this section. For tax year two thousand fourteen, the commissioner, not later than September first, two thousand thirteen, shall multiply the amounts specified in subsection (b) of this section for tax year two thousand thirteen by one plus the cost of living adjustment. For each succeeding tax year after tax year two thousand fourteen and before tax year two thousand eighteen, the commissioner, not later than September first of such tax year, shall multiply the amounts specified in subsection (b) of this section for such tax year by one plus the cost of living adjustment described in subsection (c) of this section for such tax year. (b) The following amounts shall be indexed by the cost of living adjustment. (1) The dollar amounts in the tax tables set forth in paragraph one of subsection (a), paragraph one of subsection (b) and paragraph one of subsection (c) of section six hundred one of this part. (2) The dollar amount in the numerator of the fractions in subsection (d) of section six hundred one of this part that is not fifty thousand dollars. (3) The New York standard deduction of a resident individual in section six hundred fourteen of this article. (c) The cost of living adjustment for a tax year is the percentage if any, by which the average monthly value of the consumer price index for the twelve month period ending on June thirtieth of the year immediately preceding the tax year for which the adjustment is being made (referred to as the adjustment year) exceeds the average monthly value of the consumer price index for the twelve month period ending on June thirtieth of the year immediately preceding the adjustment year. For purposes of this section, the consumer price index means the consumer price index for all urban consumers published by the United States department of labor. (d) If the product of the amounts in subsection (b) and subsection (c) of this section is not a multiple of fifty dollars, such increase shall be rounded to the next lowest multiple of fifty dollars.

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statutes/TAX/601-A.yaml

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Rules

cost_of_living_rounding_multiple

Parameter

source: N.Y. Tax Law § 601-a(d)

- name: cost_of_living_rounding_multiple
  kind: parameter
  dtype: Money
  unit: USD
  source: N.Y. Tax Law § 601-a(d)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us-ny/statute/TAX/601-A
            excerpt: rounded to the next lowest multiple of fifty dollars
  versions:
    - effective_from: '0001-01-01'
      formula: '50'

nonindexed_fraction_numerator_amount

Parameter

source: N.Y. Tax Law § 601-a(b)(2)

- name: nonindexed_fraction_numerator_amount
  kind: parameter
  dtype: Money
  unit: USD
  source: N.Y. Tax Law § 601-a(b)(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us-ny/statute/TAX/601-A
            excerpt: that is not fifty thousand dollars
  versions:
    - effective_from: '0001-01-01'
      formula: '50000'

cost_of_living_adjustment

Derived

source: N.Y. Tax Law § 601-a(c)

- name: cost_of_living_adjustment
  kind: derived
  entity: TaxYearAdjustment
  dtype: Rate
  period: Year
  source: N.Y. Tax Law § 601-a(c)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-ny/statute/TAX/601-A
            excerpt: >-
              the percentage if any, by which the average monthly value of the consumer price index
              ... exceeds the average monthly value ... for the twelve month period ending on June
              thirtieth of the year immediately preceding the adjustment year
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us-ny/statute/TAX/601-A
            excerpt: >-
              consumer price index means the consumer price index for all urban consumers published
              by the United States department of labor
  versions:
    - effective_from: '0001-01-01'
      formula: >-
        if adjustment_year_average_monthly_consumer_price_index >
        preceding_adjustment_year_average_monthly_consumer_price_index:
        (adjustment_year_average_monthly_consumer_price_index -
        preceding_adjustment_year_average_monthly_consumer_price_index) /
        preceding_adjustment_year_average_monthly_consumer_price_index else: 0

rounded_cost_of_living_increase

Derived

source: N.Y. Tax Law § 601-a(d)

- name: rounded_cost_of_living_increase
  kind: derived
  entity: TaxYearAdjustment
  dtype: Money
  period: Year
  unit: USD
  source: N.Y. Tax Law § 601-a(d)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-ny/statute/TAX/601-A
            excerpt: >-
              If the product of the amounts in subsection (b) and subsection (c) of this section is
              not a multiple of fifty dollars, such increase shall be rounded to the next lowest
              multiple of fifty dollars.
        - path: versions[0].formula
          kind: import
          import:
            target: us-ny:statutes/TAX/601-A#cost_of_living_adjustment
            output: cost_of_living_adjustment
            hash: sha256:local
        - path: versions[0].formula
          kind: import
          import:
            target: us-ny:statutes/TAX/601-A#cost_of_living_rounding_multiple
            output: cost_of_living_rounding_multiple
            hash: sha256:local
  versions:
    - effective_from: '0001-01-01'
      formula: >-
        floor((amount_specified_in_subsection_b_for_tax_year * cost_of_living_adjustment) /
        cost_of_living_rounding_multiple) * cost_of_living_rounding_multiple

cost_of_living_adjusted_amount

Derived

source: N.Y. Tax Law § 601-a(a), (d)

- name: cost_of_living_adjusted_amount
  kind: derived
  entity: TaxYearAdjustment
  dtype: Money
  period: Year
  unit: USD
  source: N.Y. Tax Law § 601-a(a), (d)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-ny/statute/TAX/601-A
            excerpt: >-
              shall multiply the amounts specified in subsection (b) ... by one plus the cost of
              living adjustment
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-ny/statute/TAX/601-A
            excerpt: such increase shall be rounded to the next lowest multiple of fifty dollars
        - path: versions[0].formula
          kind: import
          import:
            target: us-ny:statutes/TAX/601-A#rounded_cost_of_living_increase
            output: rounded_cost_of_living_increase
            hash: sha256:local
  versions:
    - effective_from: '0001-01-01'
      formula: amount_specified_in_subsection_b_for_tax_year + rounded_cost_of_living_increase

▸citations (1)

References

This rule cites 1 other rule.

NY TAX § 601-ainferredNY › Statutes › Title TAX › § 601-a

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Legislation

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statutes/TAX/601-A.yaml

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Rules

cost_of_living_rounding_multiple

Parameter

source: N.Y. Tax Law § 601-a(d)

- name: cost_of_living_rounding_multiple
  kind: parameter
  dtype: Money
  unit: USD
  source: N.Y. Tax Law § 601-a(d)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us-ny/statute/TAX/601-A
            excerpt: rounded to the next lowest multiple of fifty dollars
  versions:
    - effective_from: '0001-01-01'
      formula: '50'

nonindexed_fraction_numerator_amount

Parameter

source: N.Y. Tax Law § 601-a(b)(2)

- name: nonindexed_fraction_numerator_amount
  kind: parameter
  dtype: Money
  unit: USD
  source: N.Y. Tax Law § 601-a(b)(2)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us-ny/statute/TAX/601-A
            excerpt: that is not fifty thousand dollars
  versions:
    - effective_from: '0001-01-01'
      formula: '50000'

cost_of_living_adjustment

Derived

source: N.Y. Tax Law § 601-a(c)

- name: cost_of_living_adjustment
  kind: derived
  entity: TaxYearAdjustment
  dtype: Rate
  period: Year
  source: N.Y. Tax Law § 601-a(c)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-ny/statute/TAX/601-A
            excerpt: >-
              the percentage if any, by which the average monthly value of the consumer price index
              ... exceeds the average monthly value ... for the twelve month period ending on June
              thirtieth of the year immediately preceding the adjustment year
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us-ny/statute/TAX/601-A
            excerpt: >-
              consumer price index means the consumer price index for all urban consumers published
              by the United States department of labor
  versions:
    - effective_from: '0001-01-01'
      formula: >-
        if adjustment_year_average_monthly_consumer_price_index >
        preceding_adjustment_year_average_monthly_consumer_price_index:
        (adjustment_year_average_monthly_consumer_price_index -
        preceding_adjustment_year_average_monthly_consumer_price_index) /
        preceding_adjustment_year_average_monthly_consumer_price_index else: 0

rounded_cost_of_living_increase

Derived

source: N.Y. Tax Law § 601-a(d)

- name: rounded_cost_of_living_increase
  kind: derived
  entity: TaxYearAdjustment
  dtype: Money
  period: Year
  unit: USD
  source: N.Y. Tax Law § 601-a(d)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-ny/statute/TAX/601-A
            excerpt: >-
              If the product of the amounts in subsection (b) and subsection (c) of this section is
              not a multiple of fifty dollars, such increase shall be rounded to the next lowest
              multiple of fifty dollars.
        - path: versions[0].formula
          kind: import
          import:
            target: us-ny:statutes/TAX/601-A#cost_of_living_adjustment
            output: cost_of_living_adjustment
            hash: sha256:local
        - path: versions[0].formula
          kind: import
          import:
            target: us-ny:statutes/TAX/601-A#cost_of_living_rounding_multiple
            output: cost_of_living_rounding_multiple
            hash: sha256:local
  versions:
    - effective_from: '0001-01-01'
      formula: >-
        floor((amount_specified_in_subsection_b_for_tax_year * cost_of_living_adjustment) /
        cost_of_living_rounding_multiple) * cost_of_living_rounding_multiple

cost_of_living_adjusted_amount

Derived

source: N.Y. Tax Law § 601-a(a), (d)

- name: cost_of_living_adjusted_amount
  kind: derived
  entity: TaxYearAdjustment
  dtype: Money
  period: Year
  unit: USD
  source: N.Y. Tax Law § 601-a(a), (d)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-ny/statute/TAX/601-A
            excerpt: >-
              shall multiply the amounts specified in subsection (b) ... by one plus the cost of
              living adjustment
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us-ny/statute/TAX/601-A
            excerpt: such increase shall be rounded to the next lowest multiple of fifty dollars
        - path: versions[0].formula
          kind: import
          import:
            target: us-ny:statutes/TAX/601-A#rounded_cost_of_living_increase
            output: rounded_cost_of_living_increase
            hash: sha256:local
  versions:
    - effective_from: '0001-01-01'
      formula: amount_specified_in_subsection_b_for_tax_year + rounded_cost_of_living_increase

▸citations (1)

References

This rule cites 1 other rule.

NY TAX § 601-ainferredNY › Statutes › Title TAX › § 601-a