Assembly Bill A7723

2023-2024 Legislative Session

Relates to establishing new fee rates for large estates

download bill text pdf

Sponsored By

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-A7723 (ACTIVE) - Details

See Senate Version of this Bill:
S3315
Current Committee:
Assembly Judiciary
Law Section:
Surrogate's Court Procedure Act
Laws Affected:
Amd §2402, SCPA
Versions Introduced in Other Legislative Sessions:
2019-2020: S4952
2021-2022: S2815

2023-A7723 (ACTIVE) - Summary

Relates to establishing new fee rates for large estates; raises the fee rate for estates with a value over $5,000,000 to $10,000.

2023-A7723 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7723
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               June 6, 2023
                                ___________
 
 Introduced  by M. of A. ZACCARO -- read once and referred to the Commit-
   tee on Judiciary
 
 AN ACT to amend the surrogate's court  procedure  act,  in  relation  to
   establishing new fee rates for large estates
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Subdivision 7 of section  2402  of  the  surrogate's  court
 procedure  act,  as amended by section 30 of part J of chapter 62 of the
 laws of 2003, is amended to read as follows:
   7. The fee schedule for  subdivision  1  through  7  inclusive  is  as
 follows:
 
 Value of Estate or Subject Matter                               Fee Rate
      Less than $10,000 ....................................... $   45.00
      10,000 but under 20,000 .................................     75.00
      20,000 but under 50,000 .................................    215.00
      50,000 but under 100,000 ................................    280.00
      100,000 but under 250,000 ...............................    420.00
      250,000 but under 500,000 ...............................    625.00
      500,000 [and over] BUT UNDER 750,000 ....................  1,250.00
      750,000 BUT UNDER 1,000,000 .............................  1,875.00
      1,000,000 BUT UNDER 2,000,000 ...........................  2,500.00
      2,000,000 BUT UNDER 3,000,000 ...........................  5,000.00
      3,000,000 BUT UNDER 5,000,000............................  7,500.00
      5,000,000 AND OVER ...................................... 10,000.00
 
   §  2.  This  act shall take effect on the thirtieth day after it shall
 have become a law and shall apply to actions and  proceedings  commenced
 on or after such effective date.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD07833-03-3

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