Assembly Bill A6261

2015-2016 Legislative Session

Relates to franchise tax on banking corporations

download bill text pdf

Sponsored By

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

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2015-A6261 (ACTIVE) - Details

See Senate Version of this Bill:
S7571
Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Add Art 32 ยงยง1450 - 1468, Tax L
Versions Introduced in Other Legislative Sessions:
2017-2018: A5316, S6885
2019-2020: A8552, S3456
2021-2022: A3474, S1680
2023-2024: A2195, S3440

2015-A6261 (ACTIVE) - Summary

Relates to franchise tax on banking corporations.

2015-A6261 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  6261

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                             March 18, 2015
                               ___________

Introduced by M. of A. SKOUFIS, JAFFEE, GOTTFRIED, CRESPO, MILLER, SIMON
  --  Multi-Sponsored by -- M. of A. RIVERA -- read once and referred to
  the Committee on Ways and Means

AN ACT to amend the tax law, in relation to  franchise  tax  on  banking
  corporations

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The tax law is amended by adding a new article 32  to  read
as follows:
                               ARTICLE 32
                  FRANCHISE TAX ON BANKING CORPORATIONS
SECTION 1450.   GENERAL DEFINITIONS.
        1451.   IMPOSITION OF TAX.
        1452.   BANKING CORPORATION DEFINED; EXEMPT CORPORATIONS.
        1453.   COMPUTATIONS OF ENTIRE NET INCOME.
        1453-A. COMPUTATION OF ALTERNATIVE ENTIRE NET INCOME.
        1454.   ALLOCATION.
        1455.   COMPUTATION OF TAX.
        1455-A. TAX SURCHARGE.
        1455-B. TEMPORARY   METROPOLITAN   TRANSPORTATION  BUSINESS  TAX
                  SURCHARGE ON BANKS.
        1456.   CREDITS.
        1460.   DECLARATIONS OF ESTIMATED TAX.
        1461.   PAYMENTS OF ESTIMATED TAX.
        1462.   RETURNS.
        1463.   PAYMENT OF TAX.
        1466.   DEPOSIT AND DISPOSITION OF REVENUE.
        1467.   SECRECY REQUIRED OF OFFICIALS; PENALTY FOR VIOLATION.
        1468.   PROCEDURAL PROVISIONS.
  S 1450. GENERAL DEFINITIONS. AS USED IN THIS ARTICLE:

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09682-03-5

              

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