Bill Text: NY A03401 | 2021-2022 | General Assembly | Introduced
Bill Title: Prohibits compensation for service of auditing relating to any tax, interest or penalty on a contingent basis.
Spectrum: Slight Partisan Bill (Democrat 5-2)
Status: (Introduced - Dead) 2022-01-05 - referred to local governments [A03401 Detail]
Download: New_York-2021-A03401-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 3401 2021-2022 Regular Sessions IN ASSEMBLY January 26, 2021 ___________ Introduced by M. of A. STIRPE, L. ROSENTHAL, MONTESANO, NORRIS, RAMOS, JACOBSON -- Multi-Sponsored by -- M. of A. ENGLEBRIGHT -- read once and referred to the Committee on Local Governments AN ACT to amend the general municipal law, in relation to prohibiting compensation for service of auditing relating to any tax on a contin- gency basis The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The general municipal law is amended by adding a new 2 section 39-a to read as follows: 3 § 39-a. Prohibition on contingent compensation. Notwithstanding any 4 inconsistent provision of law, a municipal corporation shall not compen- 5 sate any person or entity for the service of auditing a return or report 6 filed pursuant to, or in compliance with, any law in whole or in part on 7 a contingent fee basis or on any other basis related to the amount of 8 tax, interest, or penalty assessed against or collected. 9 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD07505-01-1
