Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 05, 2022 |
referred to codes |
Jan 06, 2021 |
referred to codes |
Senate Bill S277
2021-2022 Legislative Session
Sponsored By
(D) 20th Senate District
Archive: Last Bill Status - In Senate Committee Codes 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
2021-S277 (ACTIVE) - Details
- Current Committee:
- Senate Codes
- Law Section:
- Penal Law
- Laws Affected:
- Amd §80.10, Pen L
- Versions Introduced in Other Legislative Sessions:
-
2019-2020:
S3165
2023-2024: S2311
2021-S277 (ACTIVE) - Sponsor Memo
BILL NUMBER: S277 SPONSOR: MYRIE TITLE OF BILL: An act to amend the penal law, in relation to fines for corporations PURPOSE: To update New York's financial sanctions on corporations SUMMARY OF PROVISIONS: Section one amends Section 80.10, Subdivision(1) of the penal law to increase the current fine schedule Section two establishes the effective date. JUSTIFICATION:
2021-S277 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 277 2021-2022 Regular Sessions I N S E N A T E (PREFILED) January 6, 2021 ___________ Introduced by Sen. MYRIE -- read twice and ordered printed, and when printed to be committed to the Committee on Codes AN ACT to amend the penal law, in relation to fines for corporations THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 1 of section 80.10 of the penal law, as amended by section 28 of subpart A of part H of chapter 55 of the laws of 2014, is amended to read as follows: 1. In general. A sentence to pay a fine, when imposed on a corporation for an offense defined in this chapter or for an offense defined outside this chapter for which no special corporate fine is specified, shall be a sentence to pay an amount, fixed by the court, not exceeding: (a) [Ten] EIGHTY thousand dollars, when the conviction is of a felony; (b) [Five] FORTY thousand dollars, when the conviction is of a class A misdemeanor or of an unclassified misdemeanor for which a term of impri- sonment in excess of three months is authorized; (c) [Two] FIFTEEN thousand dollars, when the conviction is of a class B misdemeanor or of an unclassified misdemeanor for which the authorized term of imprisonment is not in excess of three months; (d) [Five hundred] FOUR THOUSAND dollars, when the conviction is of a violation; (e) Any higher amount not exceeding double the amount of the corpo- ration's gain from the commission of the offense or, if the corporation is convicted of a crime defined in article four hundred ninety-six of this chapter, any higher amount not exceeding three times the amount of the corporation's gain from the commission of such offense. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD02341-01-1
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