senate Bill S3243

2011-2012 Legislative Session

Exempts insurance companies from tax credit deferrals; repealer

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Investigations And Government Operations Committee

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

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view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 04, 2012 referred to investigations and government operations
Feb 14, 2011 referred to investigations and government operations


S3243 (ACTIVE) - Details

See Assembly Version of this Bill:
Current Committee:
Senate Investigations And Government Operations
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 2009-2010 Legislative Session:
S8511, A11723

S3243 (ACTIVE) - Summary

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

S3243 (ACTIVE) - Sponsor Memo

S3243 (ACTIVE) - Bill Text download pdf

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


                       2011-2012 Regular Sessions

                            I N  S E N A T E

                            February 14, 2011

Introduced  by Sen. GALLIVAN -- read twice and ordered printed, and when
  printed to be committed to the Committee on Investigations and Govern-
  ment Operations

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


  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of part Y of chapter 57 of the laws of 2010, are REPEALED.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; except that if  this  act
shall  have become a law on or after August 11, 2011 this act shall take
effect immediately and shall be deemed to have been in  full  force  and
effect on and after August 11, 2011.

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


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