Bill Text: NY A00027 | 2019-2020 | General Assembly | Introduced

New York Assembly Bill 27 (Prior Session Legislation)

Introduced

Bill Title: Authorizes certain taxpayers who are entitled to a one hundred percent rebate of certain stock transfer taxes not to pay such taxes.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2020-01-08 - referred to ways and means [A00027 Detail]

Download: New_York-2019-A00027-Introduced.html



                STATE OF NEW YORK
        ________________________________________________________________________
                                           27
                               2019-2020 Regular Sessions
                   IN ASSEMBLY
                                       (Prefiled)
                                     January 9, 2019
                                       ___________
        Introduced by M. of A. BUCHWALD -- read once and referred to the Commit-
          tee on Ways and Means
        AN  ACT to amend the tax law, in relation to authorizing certain taxpay-
          ers who are entitled to a one hundred percent rebate of certain  stock
          transfer taxes not to pay such taxes
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. The tax law is amended by adding a  new  section  281-b  to
     2  read as follows:
     3    § 281-b. Application of article to certain taxpayers.  Notwithstanding
     4  any  other  provision  of  law to the contrary, a taxpayer that would be
     5  entitled to receive a rebate of one hundred percent of the  tax  imposed
     6  by this article shall not be obligated to pay such taxes.
     7    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD00318-01-9