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Assembly Bill A4011

Signed By Governor

2011-2012 Legislative Session

Enacts into law major components of legislation which are necessary to implement the state fiscal plan for the 2011-2012 state fiscal year

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Archive: Last Bill Status Via S2811 - Signed by Governor

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Bill Amendments

2011-A4011 - Details

See Senate Version of this Bill:
S2811
Law Section:
Budget Bills
Laws Affected:
Amd Various Laws, generally

2011-A4011 - Summary

Relates to the dormancy period of miscellaneous unclaimed property, payment of abandoned property, publication of notices of abandoned property, and written reports pertaining to payment of abandoned property; relates to reports by the commissioner regarding abandoned property; relates to payments from the abandoned property fund; relates to extending the disclosure and penalty provisions for transactions that present the potential for tax avoidance

2011-A4011 - Bill Text download pdf

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

    S. 2811                                                  A. 4011

                      S E N A T E - A S S E M B L Y

                            February 1, 2011
                               ___________

IN  SENATE -- A BUDGET BILL, submitted by the Governor pursuant to arti-
  cle seven of the Constitution -- read twice and ordered  printed,  and
  when printed to be committed to the Committee on Finance

IN  ASSEMBLY  --  A  BUDGET  BILL, submitted by the Governor pursuant to
  article seven of the Constitution -- read once  and  referred  to  the
  Committee on Ways and Means

AN  ACT to amend the abandoned property law, in relation to the dormancy
  period of miscellaneous unclaimed property (Part A); to amend  part  N
  of  chapter  61  of  the laws of 2005 amending the tax law relating to
  certain transactions and  related  information  and  relating  to  the
  voluntary  compliance  initiative; in relation to making permanent the
  disclosure and penalty provisions for transactions  that  present  the
  potential  for  tax  avoidance  (Part  B);  to  amend  the tax law, in
  relation to the empire zones program (Part C); to amend the  tax  law,
  in  relation to directing the crediting of lottery prizes of more than
  six hundred dollars against liability for any tax administered by  the
  commissioner  of taxation and finance (Part D); to amend chapter 56 of
  the laws of 1998, amending the tax law  and  other  laws  relating  to
  extending  the dates of application of the investment tax credit under
  articles 9-A, 22 and 32 of the tax law and to amend chapter 63 of  the
  laws  of 2000, amending the tax law and other laws relating to extend-
  ing the dates of application of the investment tax credit under  arti-
  cle  33  of  the  tax  law, in relation to extending the effectiveness
  thereof (Part E); to amend the public  housing  law,  in  relation  to
  providing  a credit against income tax for persons or entities invest-
  ing in low-income housing (Part F); to amend the economic  development
  law,  the  tax  law  and  the  public  service law, in relation to the
  excelsior jobs program (Part G); to amend the tax law, in relation  to
  the  exemption  from the franchise tax on insurance corporations under
  article thirty-three of such law for town or county cooperative insur-
  ance corporations (Part H); to amend the insurance  law,  the  general
  municipal law and the tax law, in relation to conforming to the feder-
  al  Dodd-Frank  Wall Street Reform and Consumer Protection Act; and to
  repeal paragraphs 8 and 9 of subsection (b) of  section  2118  of  the
  insurance  law, relating thereto (Part I); to amend chapter 298 of the
  laws of 1985, amending the tax law relating to the  franchise  tax  on

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
              

2011-A4011A - Details

See Senate Version of this Bill:
S2811
Law Section:
Budget Bills
Laws Affected:
Amd Various Laws, generally

2011-A4011A - Summary

Relates to the dormancy period of miscellaneous unclaimed property, payment of abandoned property, publication of notices of abandoned property, and written reports pertaining to payment of abandoned property; relates to reports by the commissioner regarding abandoned property; relates to payments from the abandoned property fund; relates to extending the disclosure and penalty provisions for transactions that present the potential for tax avoidance

2011-A4011A - Bill Text download pdf

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

    S. 2811--A                                            A. 4011--A

                      S E N A T E - A S S E M B L Y

                            February 1, 2011
                               ___________

IN  SENATE -- A BUDGET BILL, submitted by the Governor pursuant to arti-
  cle seven of the Constitution -- read twice and ordered  printed,  and
  when  printed to be committed to the Committee on Finance -- committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to said committee

IN ASSEMBLY -- A BUDGET BILL, submitted  by  the  Governor  pursuant  to
  article  seven  of  the  Constitution -- read once and referred to the
  Committee on Ways and Means --  committee  discharged,  bill  amended,
  ordered reprinted as amended and recommitted to said committee

AN  ACT to amend the abandoned property law, in relation to the dormancy
  period of miscellaneous unclaimed property, payment of abandoned prop-
  erty, publication  of  notices  of  abandoned  property,  and  written
  reports  pertaining to payment of abandoned property; to amend the tax
  law, in relation to reports by the  commissioner  regarding  abandoned
  property;  and  to repeal certain provisions of the abandoned property
  law and the tax law relating thereto (Part A);  to  amend  part  N  of
  chapter  61  of  the  laws  of  2005  amending the tax law relating to
  certain transactions and  related  information  and  relating  to  the
  voluntary  compliance  initiative; in relation to making permanent the
  disclosure and penalty provisions for transactions  that  present  the
  potential  for  tax  avoidance  (Part  B);  to  amend  the tax law, in
  relation to the empire zones program (Part C); to amend the  tax  law,
  in  relation to directing the crediting of lottery prizes of more than
  six hundred dollars against liability for any tax administered by  the
  commissioner  of taxation and finance (Part D); to amend chapter 56 of
  the laws of 1998, amending the tax law  and  other  laws  relating  to
  extending  the dates of application of the investment tax credit under
  articles 9-A, 22 and 32 of the tax law and to amend chapter 63 of  the
  laws  of 2000, amending the tax law and other laws relating to extend-
  ing the dates of application of the investment tax credit under  arti-
  cle  33  of  the  tax  law, in relation to extending the effectiveness
  thereof (Part E); to amend the public  housing  law,  in  relation  to
  providing  a credit against income tax for persons or entities invest-
  ing in low-income housing (Part F); to amend the economic  development
  law,  the  tax  law  and  the  public  service law, in relation to the
  excelsior jobs program (Part G); to amend the tax law, in relation  to

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
              

2011-A4011B - Details

See Senate Version of this Bill:
S2811
Law Section:
Budget Bills
Laws Affected:
Amd Various Laws, generally

2011-A4011B - Summary

Relates to the dormancy period of miscellaneous unclaimed property, payment of abandoned property, publication of notices of abandoned property, and written reports pertaining to payment of abandoned property; relates to reports by the commissioner regarding abandoned property; relates to payments from the abandoned property fund; relates to extending the disclosure and penalty provisions for transactions that present the potential for tax avoidance

2011-A4011B - Bill Text download pdf

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

                                 4011--B

                          I N  A S S E M B L Y

                            February 1, 2011
                               ___________

A  BUDGET  BILL,  submitted by the Governor pursuant to article seven of
  the Constitution -- read once and referred to the  Committee  on  Ways
  and  Means -- committee discharged, bill amended, ordered reprinted as
  amended and recommitted to said committee -- again reported from  said
  committee  with amendments, ordered reprinted as amended and recommit-
  ted to said committee

AN ACT to amend the abandoned property law, in relation to the  dormancy
  period of miscellaneous unclaimed property, payment of abandoned prop-
  erty,  publication  of  notices  of  abandoned  property,  and written
  reports pertaining to payment of abandoned property; to amend the  tax
  law,  in  relation  to reports by the commissioner regarding abandoned
  property; and to repeal certain provisions of the  abandoned  property
  law  and  the  tax  law  relating thereto (Part A); to amend part N of
  chapter 61 of the laws of  2005  amending  the  tax  law  relating  to
  certain  transactions  and  related  information  and  relating to the
  voluntary compliance initiative; in relation to making  permanent  the
  disclosure  and  penalty  provisions for transactions that present the
  potential for tax avoidance  (Part  B);  to  amend  the  tax  law,  in
  relation  to  the empire zones program (Part C); to amend the tax law,
  in relation to directing the crediting of lottery prizes of more  than
  six  hundred dollars against liability for any tax administered by the
  commissioner of taxation and finance (Part D); to amend chapter 56  of
  the  laws  of  1998,  amending  the tax law and other laws relating to
  extending the dates of application of the investment tax credit  under
  articles  9-A, 22 and 32 of the tax law and to amend chapter 63 of the
  laws of 2000, amending the tax law and other laws relating to  extend-
  ing  the dates of application of the investment tax credit under arti-
  cle 33 of the tax law, in  relation  to  extending  the  effectiveness
  thereof  (Part  E);  to  amend  the public housing law, in relation to
  providing a credit against income tax for persons or entities  invest-
  ing  in low-income housing (Part F); to amend the economic development
  law, the tax law and the  public  service  law,  in  relation  to  the
  excelsior  jobs  program  (Part G); Intentionally omitted (Part H); to
  amend the insurance law, the general municipal law and the tax law, in
  relation to conforming to the federal Dodd-Frank  Wall  Street  Reform
  and  Consumer  Protection  Act;  and  to  repeal paragraphs 8 and 9 of
  subsection (b) of section 2118 of the insurance law, relating  thereto

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
              

2011-A4011C (ACTIVE) - Details

See Senate Version of this Bill:
S2811
Law Section:
Budget Bills
Laws Affected:
Amd Various Laws, generally

2011-A4011C (ACTIVE) - Summary

Relates to the dormancy period of miscellaneous unclaimed property, payment of abandoned property, publication of notices of abandoned property, and written reports pertaining to payment of abandoned property; relates to reports by the commissioner regarding abandoned property; relates to payments from the abandoned property fund; relates to extending the disclosure and penalty provisions for transactions that present the potential for tax avoidance

2011-A4011C (ACTIVE) - Bill Text download pdf

                            

              

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