Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 09, 2012 |
recommit, enacting clause stricken |
Jan 04, 2012 |
referred to banks |
Mar 09, 2011 |
reported and committed to finance |
Mar 03, 2011 |
referred to banks |
Senate Bill S3754
2011-2012 Legislative Session
Sponsored By
(R, C) 53rd Senate District
Archive: Last Bill Status - Stricken
- 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
Votes
co-Sponsors
(R, C, IP) Senate District
2011-S3754 (ACTIVE) - Details
- Law Section:
- Taxation
- Laws Affected:
- Amd §51, Chap 298 of 1985; amd §110, Chap 817 of 1987; amd §68, Chap 525 of 1988
2011-S3754 (ACTIVE) - Sponsor Memo
BILL NUMBER:S3754 TITLE OF BILL: An act to amend chapter 298 of the laws of 1985, amending the tax law relating to the franchise tax on banking corporations imposed by the tax law, authorized to be imposed by any city having a population of one million or more by chapter 772 of the laws of 1966 and imposed by the administrative code of the city of New York and relating to other provisions of the tax law, chapter 883 of the laws of 1975 and the administrative code of the city of New York which relates to such franchise tax, to amend chapter 817 of the laws of 1987, amending the tax law and the environmental conservation law, constituting the business tax reform and rate reduction act of 1987, and to amend chapter 525 of the laws of 1988, amending the tax law and the administrative code of the city of New York relating to the imposition of taxes in the city of New York, in relation to the effectiveness of certain provisions of such chapters PURPOSE: This bill would make permanent the current bank tax statute. The provisions of the current bank tax are scheduled to expire for taxable years beginning on or after January 1, 2011. This bill would extend them permanently.
2011-S3754 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3754 2011-2012 Regular Sessions I N S E N A T E March 3, 2011 ___________ Introduced by Sens. GRIFFO, FARLEY -- read twice and ordered printed, and when printed to be committed to the Committee on Banks AN ACT to amend chapter 298 of the laws of 1985, amending the tax law relating to the franchise tax on banking corporations imposed by the tax law, authorized to be imposed by any city having a population of one million or more by chapter 772 of the laws of 1966 and imposed by the administrative code of the city of New York and relating to other provisions of the tax law, chapter 883 of the laws of 1975 and the administrative code of the city of New York which relates to such franchise tax, to amend chapter 817 of the laws of 1987, amending the tax law and the environmental conservation law, constituting the busi- ness tax reform and rate reduction act of 1987, and to amend chapter 525 of the laws of 1988, amending the tax law and the administrative code of the city of New York relating to the imposition of taxes in the city of New York, in relation to the effectiveness of certain provisions of such chapters THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 51 of chapter 298 of the laws of 1985, amending the tax law relating to the franchise tax on banking corporations imposed by the tax law, authorized to be imposed by any city having a population of one million or more by chapter 772 of the laws of 1966 and imposed by the administrative code of the city of New York and relating to other provisions of the tax law, chapter 883 of the laws of 1975 and the administrative code of the city of New York which relates to such fran- chise tax, as amended by chapter 67 of the laws of 2010, is amended to read as follows: S 51. This act shall take effect immediately and shall apply to taxa- ble years beginning on or after January 1, 1985[, except that: (a) sections one through eight shall not apply to taxable years begin- ning on or after January 1, 2011; EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09960-02-1
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