Bill Text: NY A08577 | 2013-2014 | General Assembly | Introduced

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

Sponsorship: Partisan Bill (Democrat 1)

Status: (Introduced - Dead) 2014-01-23 - referred to ways and means [A08577 Detail]

Download: New_York-2013-A08577-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         8577
                                 I N  A S S E M B L Y
                                   January 23, 2014
                                      ___________
       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    S 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    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD13033-01-3