Assembly Bill A1514

2011-2012 Legislative Session

Repeals article 26 of the tax law known as the estate tax

download bill text pdf

Sponsored By

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

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2011-A1514 (ACTIVE) - Details

Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Rpld Art 26, amd §§1023 & 1825, Tax L; amd §11-1712, NYC Ad Cd
Versions Introduced in Other Legislative Sessions:
2009-2010: A10530
2013-2014: A6209
2015-2016: A5432
2017-2018: A8591
2019-2020: A922
2021-2022: A3026
2023-2024: A2332

2011-A1514 (ACTIVE) - Summary

Repeals article 26 of the tax law known as the estate tax.

2011-A1514 (ACTIVE) - Bill Text download pdf

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

                                  1514

                       2011-2012 Regular Sessions

                          I N  A S S E M B L Y

                            January 10, 2011
                               ___________

Introduced  by M. of A. TEDISCO, HAYES -- Multi-Sponsored by -- M. of A.
  BARCLAY, FITZPATRICK, SALADINO  --  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 taxable estates; and to repeal article 26  of
  the tax law relating thereto

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

  Section 1. Article 26 of the tax law is REPEALED.
  S 2. Paragraph 1 of subsection (b) of section 1023 of the tax law,  as
amended  by  section 30 of part A of chapter 389 of the laws of 1997, is
amended to read as follows:
  (1) The provisions of this chapter applicable to the  tax  imposed  by
[article  twenty-six  relating  to  a  lien for unpaid tax upon property
transferred which arises at the time of the  decedent's  death  and  the
personal  liability  of  various  transferees  for such tax and] all the
provisions of subsections (c), (d), (e), (f)  and  (h)  of  section  six
hundred  fifty-one,  subsections  (a)  and  (c)  of  section six hundred
fifty-three, section six hundred fifty-seven, subsections (a),  (b)  and
(e)  of  section six hundred fifty-eight, section six hundred fifty-nine
and sections six hundred eighty-one  through  six  hundred  ninety-seven
[and section nine hundred ninety-two] of this chapter shall apply to the
provisions  of  this  article  with  the same force and effect as if the
language of those subsections and sections had been incorporated in full
into this article and had expressly referred to the tax under this arti-
cle, except to the extent that any such provision is either inconsistent
with or not relevant to this article and with such modification  as  may
be necessary to adapt the language of such provisions to the tax imposed
by this article.
  S 3. Section 1825 of the tax law, as amended by section 2 of part E of
chapter 25 of the laws of 2009, is amended to read as follows:

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD02052-01-1
              

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