Assembly Bill A5470

2023-2024 Legislative Session

Repeals section 3 of article 16 relating to the taxation of moneys, credits, securities and other intangible personal property in the state that is not employed in carrying on any business therein

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Current 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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2023-A5470 (ACTIVE) - Details

See Senate Version of this Bill:
S2893
Current Committee:
Assembly Judiciary
Law Section:
Constitution, Concurrent Resolutions to Amend
Laws Affected:
Rpld Art 16 §3, Constn
Versions Introduced in 2021-2022 Legislative Session:
A6257, S4699

2023-A5470 (ACTIVE) - Summary

Relates to the taxation of moneys, credits, securities and other intangible personal property in the state that is not employed in carrying on any business therein.

2023-A5470 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5470
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              March 10, 2023
                                ___________
 
 Introduced  by  M.  of  A.  MITAYNES,  KIM, MAMDANI, GALLAGHER, FORREST,
   REYES, SEAWRIGHT -- read once and referred to the  Committee  on  Ways
   and Means
 
             CONCURRENT RESOLUTION OF THE SENATE AND ASSEMBLY
 
 repealing  section  3 of article 16 of the constitution, relating to the
   taxation of moneys, credits, securities and other intangible  personal
   property in the state that is not employed in carrying on any business
   therein
 
   Section  1. Resolved (if the Senate concur), That section 3 of article
 16 of the constitution is  REPEALED.
   §  2.  Resolved (if the Senate concur), That the foregoing  amendments
 be referred to the first regular legislative session convening after the
 next  succeeding  general  election  of members of the assembly, and, in
 conformity with  section  1  of  article  19  of  the  constitution,  be
 published for 3 months previous to the time of such election.
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD89039-01-3

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