Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Mar 20, 2018 |
print number 6236a |
Mar 20, 2018 |
amend and recommit to ways and means |
Jan 03, 2018 |
referred to ways and means |
Mar 01, 2017 |
referred to ways and means |
Assembly Bill A6236A
2017-2018 Legislative Session
Sponsored By
SKOUFIS
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
Earlene Hooper
Michaelle C. Solages
Phil Steck
multi-Sponsors
Vivian Cook
2017-A6236 - Details
2017-A6236 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6236 2017-2018 Regular Sessions I N A S S E M B L Y March 1, 2017 ___________ Introduced by M. of A. SKOUFIS -- read once and referred to the Commit- tee on Ways and Means AN ACT to amend the tax law, in relation to imposing a tax related to executive compensation 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 section 183-b to read as follows: § 183-B. TAX ON COMPANIES SUBJECT TO UNITED STATES SECURITIES AND EXCHANGE COMMISSION PAY RATIO REPORTING REQUIREMENTS. NOTWITHSTANDING ANY OTHER PROVISION OF THIS CHAPTER, OR OF ANY OTHER LAW, FOR THE PERIOD BEGINNING WITH THE TAXABLE YEARS COMMENCING ON OR AFTER THE FIRST DAY OF JANUARY, TWO THOUSAND EIGHTEEN, AN ANNUAL TAX IS HEREBY IMPOSED UPON EVERY COMPANY SUBJECT TO THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION PAY RATIO REPORTING REQUIREMENTS, PURSUANT TO SECTION 229.402 OF TITLE 17 OF THE CODE OF FEDERAL REGULATIONS, AT THE RATE OF TEN PERCENT OF BASE TAX LIABILITY IF SUCH COMPANY REPORTS TO THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION A PAY RATIO OF AT LEAST ONE HUNDRED TO ONE BUT LESS THAN TWO HUNDRED FIFTY TO ONE ON UNITED STATES SECURITIES AND EXCHANGE COMMISSION DISCLOSURES; OR AT THE RATE OF TWEN- TY-FIVE PERCENT OF BASE TAX LIABILITY IF SUCH COMPANY REPORTS TO THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION A PAY RATIO OF TWO HUNDRED FIFTY TO ONE OR GREATER ON UNITED STATES SECURITIES AND EXCHANGE COMMISSION DISCLOSURES. § 2. This act shall take effect January 1, 2018 and shall apply to all tax years commencing on or after such date. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09175-01-7
co-Sponsors
Earlene Hooper
Michaelle C. Solages
Phil Steck
multi-Sponsors
Vivian Cook
2017-A6236A (ACTIVE) - Details
2017-A6236A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6236--A 2017-2018 Regular Sessions I N A S S E M B L Y March 1, 2017 ___________ Introduced by M. of A. SKOUFIS, HOOPER, SOLAGES, STECK -- Multi-Spon- sored by -- M. of A. COOK -- 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 commit- tee AN ACT to amend the tax law, in relation to imposing a tax related to executive compensation 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 section 183-b to read as follows: § 183-B. TAX ON COMPANIES SUBJECT TO UNITED STATES SECURITIES AND EXCHANGE COMMISSION PAY RATIO REPORTING REQUIREMENTS. NOTWITHSTANDING ANY OTHER PROVISION OF THIS CHAPTER, OR OF ANY OTHER LAW, FOR THE PERIOD BEGINNING WITH THE TAXABLE YEARS COMMENCING ON OR AFTER THE FIRST DAY OF JANUARY, TWO THOUSAND NINETEEN, AN ANNUAL TAX IS HEREBY IMPOSED UPON EVERY COMPANY SUBJECT TO THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION PAY RATIO REPORTING REQUIREMENTS, PURSUANT TO SECTION 229.402 OF TITLE 17 OF THE CODE OF FEDERAL REGULATIONS, AT THE RATE OF TEN PERCENT OF BASE TAX LIABILITY IF SUCH COMPANY REPORTS TO THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION A PAY RATIO OF AT LEAST ONE HUNDRED TO ONE BUT LESS THAN TWO HUNDRED FIFTY TO ONE ON UNITED STATES SECURITIES AND EXCHANGE COMMISSION DISCLOSURES; OR AT THE RATE OF TWEN- TY-FIVE PERCENT OF BASE TAX LIABILITY IF SUCH COMPANY REPORTS TO THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION A PAY RATIO OF TWO HUNDRED FIFTY TO ONE OR GREATER ON UNITED STATES SECURITIES AND EXCHANGE COMMISSION DISCLOSURES. § 2. This act shall take effect January 1, 2019 and shall apply to all tax years commencing on or after such date. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09175-02-8
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