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Senate Bill S2811

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 - Signed by Governor

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Bill Amendments

2011-S2811 - Details

See Assembly Version of this Bill:
A4011
Law Section:
Budget Bills
Laws Affected:
Amd Various Laws, generally

2011-S2811 - 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-S2811 - Sponsor Memo

2011-S2811 - 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-S2811A - Details

See Assembly Version of this Bill:
A4011
Law Section:
Budget Bills
Laws Affected:
Amd Various Laws, generally

2011-S2811A - 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-S2811A - 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-S2811B - Details

See Assembly Version of this Bill:
A4011
Law Section:
Budget Bills
Laws Affected:
Amd Various Laws, generally

2011-S2811B - 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-S2811B - Sponsor Memo

2011-S2811B - Bill Text download pdf

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

                                 2811--B

                            I N  S E N A T E

                            February 1, 2011
                               ___________

A  BUDGET  BILL,  submitted by the Governor pursuant to article 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  -- 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 the  effectiveness  of
  certain  provisions (Part B); Intentionally omitted (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 admin-
  istered 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 chap-
  ter 63 of the laws of 2000, amending the tax law and other laws relat-
  ing to extending the dates of application of the investment tax credit
  under article 33 of the tax law, in relation to the  effectiveness  of
  certain  provisions  (Part  E);  to  amend  the public housing law, in
  relation to providing a credit against income tax for persons or enti-
  ties investing in low-income housing (Part F);  Intentionally  omitted
  (Part  G);  Intentionally omitted (Part H); to amend the insurance law
  and the tax law, in relation to excess line  insurance  (Part  I);  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

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

2011-S2811C (ACTIVE) - Details

See Assembly Version of this Bill:
A4011
Law Section:
Budget Bills
Laws Affected:
Amd Various Laws, generally

2011-S2811C (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-S2811C (ACTIVE) - Bill Text download pdf

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

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

                      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  --  committee  discharged,  bill  amended,  ordered
  reprinted  as  amended  and recommitted to said committee -- 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 --
  again reported from said committee with amendments, ordered  reprinted
  as  amended  and  recommitted to said committee -- again reported from
  said committee with  amendments,  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; to amend the state finance law, in relation to payments from
  the  abandoned  property fund; 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 extending the
  disclosure and penalty provisions for transactions  that  present  the
  potential  for tax avoidance (Part B); Intentionally omitted (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

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

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