assembly Bill A11723

2009-2010 Legislative Session

Exempts insurance companies from tax credit deferrals; repealer

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Nov 24, 2010 referred to ways and means

Co-Sponsors

A11723 (ACTIVE) - Details

See Senate Version of this Bill:
S8511
Law Section:
Tax Law
Laws Affected:
Amd §33, rpld §34 sub 3 ¶(a) sub¶ 5, ¶(b) sub¶ 5, §1511 subs (y) & (z), Tax L
Versions Introduced in 2011-2012 Legislative Session:
A8079, S3243

A11723 (ACTIVE) - Summary

Exempts insurance companies from tax credit deferrals implemented in the 2010 budget.

A11723 (ACTIVE) - Bill Text download pdf

                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  11723

                          I N  A S S E M B L Y

                            November 24, 2010
                               ___________

Introduced by COMMITTEE ON RULES -- (at request of M. of A. Schimminger,
  Hoyt,  Schroeder)  --  read once and referred to the Committee on Ways
  and Means

AN ACT to amend the tax law, in relation to exempting  insurance  compa-
  nies  from the temporary deferral of tax credits and to repeal certain
  provisions of such law relating thereto

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1. The opening paragraph of paragraph (a) of subdivision 3 of
section 33 of the tax law, as added by section 1 of part Y of chapter 57
of the laws of 2010, is amended to read as follows:
  This section shall apply to the credits allowed  under  the  following
provisions in article nine-a of this chapter and any applicable counter-
part  provisions  in  articles  nine,  twenty-two[,] AND thirty-two [and
thirty-three] of this chapter:
  S 2. Subparagraph 5 of paragraph (a) and subparagraph 5  of  paragraph
(b) of subdivision 3 of section 34 of the tax law, as added by section 2
of part Y of chapter 57 of the laws of 2010, are REPEALED.
  S 3. Subdivisions (y) and (z) of section 1511 of the tax law, subdivi-
sion  (y)  as  added by section 7 of part Y of chapter 57 of the laws of
2010, are REPEALED.
  S 4. This act shall take effect immediately and  shall  be  deemed  to
have been in full force and effect on and after August 11, 2010.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD18199-02-0

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