Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 04, 2012 |
referred to ways and means |
Jul 22, 2011 |
referred to ways and means |
Assembly Bill A8553
2011-2012 Legislative Session
Sponsored By
SILVER
Archive: Last 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
Actions
2011-A8553 (ACTIVE) - Details
- See Senate Version of this Bill:
- S4890
- Current Committee:
- Assembly Ways And Means
- Law Section:
- Tax Law
- Laws Affected:
- Amd §1452, Tax L; amd §11-640, NYC Ad Cd
2011-A8553 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8553 2011-2012 Regular Sessions I N A S S E M B L Y July 22, 2011 ___________ Introduced by M. of A. SILVER -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law and the administrative code of the city of New York, in relation to transitional provisions relating to the Gramm-Leach-Bliley act THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph 1 of subsection (m) of section 1452 of the tax law, as amended by section 4 of part J of chapter 61 of the laws of 2011, is amended to read as follows: (1) Notwithstanding anything to the contrary contained in this section other than subsection (n) of this section, a corporation that was in existence before January first, two thousand eleven and was subject to tax under article nine-A of this chapter for its last taxable year beginning before January first, two thousand eleven, shall continue to be taxable under such article for all taxable years beginning on or after January first, two thousand eleven and before January first, two thousand thirteen. The preceding sentence shall not apply to any taxable year during which such corporation is a banking corporation described in paragraphs one through eight of subsection (a) of this section. Notwithstanding anything to the contrary contained in this section other than subsection (n) of this section, a banking corporation or corpo- ration that was in existence before January first, two thousand eleven and was subject to tax under this article for its last taxable year beginning before January first, two thousand eleven, shall continue to be taxable under this article for all taxable years beginning on or after January first, two thousand eleven and before January first, two thousand thirteen [or in which] ONLY IF THE CORPORATION IS A BANKING CORPORATION AS DEFINED IN SUBSECTION (A) OF THIS SECTION OR the corpo- ration satisfies the requirements for a corporation to elect to be taxa- ble under this article. Provided further, that nothing in this EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11143-01-1
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