Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 23, 2012 |
print number 7063a |
Jan 23, 2012 |
amend and recommit to ways and means |
Jan 04, 2012 |
referred to ways and means |
Apr 11, 2011 |
referred to ways and means |
Assembly Bill A7063
2011-2012 Legislative Session
Sponsored By
BARRON
Archive: Last Bill Status - In Assembly Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Bill Amendments
co-Sponsors
Sam Roberts
Peter Rivera
Vanessa Gibson
multi-Sponsors
Hakeem Jeffries
Annette Robinson
Darryl Towns
2011-A7063 - Details
- Current Committee:
- Assembly Ways And Means
- Law Section:
- Tax Law
- Laws Affected:
- Amd §280-a, Tax L; amd §92-b, St Fin L
- Versions Introduced in 2013-2014 Legislative Session:
-
A6755
2011-A7063 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7063 2011-2012 Regular Sessions I N A S S E M B L Y April 11, 2011 ___________ Introduced by M. of A. BARRON, ROBERTS, P. RIVERA, GIBSON -- Multi-Spon- sored by -- M. of A. JEFFRIES, ROBINSON, TOWNS -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law and the state finance law, in relation to the stock transfer tax THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 1 of section 280-a of the tax law, as amended by chapter 578 of the laws of 1981, is amended to read as follows: 1. Except as otherwise provided in subdivision fifteen of this section, where a tax shall have been paid under this article a portion of the amount paid shall be allowed as a rebate and such portion shall be paid to the taxpayer but only to the extent that moneys are available for the payment of such rebates in the stock transfer incentive fund established pursuant to section ninety-two-i of the state finance law. The portion of the amount of tax paid which is to be allowed as a rebate shall be thirty percent of the tax incurred and paid on transactions subject to the stock transfer tax occurring on and after October first, nineteen hundred seventy-nine and on or before September thirtieth, nineteen hundred eighty and sixty percent of the tax incurred and paid on such transactions occurring on and after October first, nineteen hundred eighty and on or before September thirtieth, nineteen hundred eighty-one and all of the amount of tax incurred and paid shall be allowed as a rebate on transactions subject to the stock transfer tax occurring on and after October first, nineteen hundred eighty-one AND ON OR BEFORE SEPTEMBER THIRTIETH, TWO THOUSAND ELEVEN, AND EIGHTY PERCENT OF THE TAX INCURRED AND PAID SHALL BE ALLOWED AS A REBATE ON SUCH TRANS- ACTIONS OCCURRING ON AND AFTER OCTOBER FIRST, TWO THOUSAND ELEVEN. S 2. Subdivision 3 and 4 of section 92-b of the state finance law, subdivision 3 as amended by chapter 878 of the laws of 1977 and subdivi- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09580-01-1
co-Sponsors
Sam Roberts
Peter Rivera
Vanessa Gibson
multi-Sponsors
Hakeem Jeffries
Annette Robinson
Darryl Towns
2011-A7063A (ACTIVE) - Details
- Current Committee:
- Assembly Ways And Means
- Law Section:
- Tax Law
- Laws Affected:
- Amd §280-a, Tax L; amd §92-b, St Fin L
- Versions Introduced in 2013-2014 Legislative Session:
-
A6755
2011-A7063A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7063--A 2011-2012 Regular Sessions I N A S S E M B L Y April 11, 2011 ___________ Introduced by M. of A. BARRON, ROBERTS, P. RIVERA, GIBSON -- Multi-Spon- sored by -- M. of A. JEFFRIES, ROBINSON -- read once and referred to the Committee on Ways and Means -- recommitted to the Committee on Ways and Means in accordance with Assembly Rule 3, sec. 2 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the tax law and the state finance law, in relation to the stock transfer tax THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 1 of section 280-a of the tax law, as amended by chapter 578 of the laws of 1981, is amended to read as follows: 1. Except as otherwise provided in subdivision fifteen of this section, where a tax shall have been paid under this article a portion of the amount paid shall be allowed as a rebate and such portion shall be paid to the taxpayer but only to the extent that moneys are available for the payment of such rebates in the stock transfer incentive fund established pursuant to section ninety-two-i of the state finance law. The portion of the amount of tax paid which is to be allowed as a rebate shall be thirty percent of the tax incurred and paid on transactions subject to the stock transfer tax occurring on and after October first, nineteen hundred seventy-nine and on or before September thirtieth, nineteen hundred eighty and sixty percent of the tax incurred and paid on such transactions occurring on and after October first, nineteen hundred eighty and on or before September thirtieth, nineteen hundred eighty-one and all of the amount of tax incurred and paid shall be allowed as a rebate on transactions subject to the stock transfer tax occurring on and after October first, nineteen hundred eighty-one AND ON OR BEFORE SEPTEMBER THIRTIETH, TWO THOUSAND TWELVE, AND EIGHTY PERCENT OF THE TAX INCURRED AND PAID SHALL BE ALLOWED AS A REBATE ON SUCH TRANS- ACTIONS OCCURRING ON AND AFTER OCTOBER FIRST, TWO THOUSAND TWELVE. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09580-04-2
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