Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 27, 2010 |
referred to corporations, authorities and commissions |
Senate Bill S6689
2009-2010 Legislative Session
Sponsored By
(D, WF) Senate District
Archive: Last Bill Status - In Senate Committee Corporations, Authorities And Commissions 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
2009-S6689 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A1757
- Current Committee:
- Senate Corporations, Authorities And Commissions
- Law Section:
- Business Corporation Law
- Laws Affected:
- Rpld §104-A ¶¶(d) - (s), BC L; rpld §96 subs 9 & 12, Exec L; rpld §104-A ¶¶(a), (e) - (s), N-PC L
- Versions Introduced in 2011-2012 Legislative Session:
-
S4429, A1760
2009-S6689 (ACTIVE) - Summary
Eliminates a number of filing fees imposed on businesses by the department of state pursuant to the business corporation law, the executive law and the not-for-profit corporation law; eliminates fees related to start up, merger, consolidation or dissolution of a corporation.
2009-S6689 (ACTIVE) - Sponsor Memo
BILL NUMBER: S6689 TITLE OF BILL : An act to repeal certain provisions of the business corporation law, the executive law and the not-for-profit corporation law, in relation to certain fees collected by the department of state PURPOSE OR GENERAL IDEA OF BILL : To relieve businesses from the "hidden" taxes associated with fees required for various administrative filings with the state. SUMMARY OF SPECIFIC PROVISIONS : This legislation will repeal certain filing fees paid to the Secretary of State, related to the start up, merger, consolidation or dissolution of a corporation under the Business Corporation Law, the Executive Law and the Not-For-Profit Corporation Law. JUSTIFICATION : Currently, businesses in New York State are hampered by the high cost of doing business in New York. One problem area recognized by business is the number of "small" filing fees imposed by the State for which no service is received in return, the so-called "nickel and dime" fees. These fees were initially enacted to cover the costs involved in processing and storing the forms. However, the business receives no benefit from paying these fees. The only benefit is revenue to the
2009-S6689 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6689 I N S E N A T E January 27, 2010 ___________ Introduced by Sen. FOLEY -- read twice and ordered printed, and when printed to be committed to the Committee on Corporations, Authorities and Commissions AN ACT to repeal certain provisions of the business corporation law, the executive law and the not-for-profit corporation law, in relation to certain fees collected by the department of state THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraphs (d), (e), (f), (g), (h), (i), (j), (k), (l), (m), (n), (o), (p), (q), (r) and (s) of section 104-A of the business corporation law are REPEALED. S 2. Subdivisions 9 and 12 of section 96 of the executive law are REPEALED. S 3. Paragraphs (a), (e), (f), (g), (h), (i), (j), (k), (l), (m), (n), (o), (p), (q), (r) and (s) of section 104-A of the not-for-profit corpo- ration law are REPEALED. S 4. This act shall take effect January 1, 2011. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD04131-01-9
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