senate Bill S3754

2011-2012 Legislative Session

Extends the provisions relating to the franchise tax on banking

download bill text pdf

Sponsored By

Archive: Last Bill Status - Stricken


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

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Actions

view actions (4)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 09, 2012 recommit, enacting clause stricken
Jan 04, 2012 referred to banks
Mar 09, 2011 reported and committed to finance
Mar 03, 2011 referred to banks

Votes

view votes

Mar 9, 2011 - Banks committee Vote

S3754
17
0
committee
17
Aye
0
Nay
2
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Banks committee vote details

Co-Sponsors

S3754 - Details

Law Section:
Taxation
Laws Affected:
Amd §51, Chap 298 of 1985; amd §110, Chap 817 of 1987; amd §68, Chap 525 of 1988

S3754 - Summary

Extends the provisions relating to the franchise tax on banking.

S3754 - Sponsor Memo

S3754 - Bill Text download pdf

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

                                  3754

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                              March 3, 2011
                               ___________

Introduced  by  Sens.  GRIFFO, FARLEY -- read twice and ordered printed,
  and when printed to be committed to the Committee on Banks

AN ACT 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
  administrative code of the city of New  York  which  relates  to  such
  franchise  tax, to amend chapter 817 of the laws of 1987, amending the
  tax law and the environmental conservation law, constituting the busi-
  ness tax reform and rate reduction act of 1987, and to  amend  chapter
  525  of  the laws of 1988, amending the tax law and the administrative
  code of the city of New York relating to the imposition  of  taxes  in
  the  city  of  New  York,  in relation to the effectiveness of certain
  provisions of such chapters

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

  Section 1. Section 51 of 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
administrative code of the city of New York which relates to such  fran-
chise  tax,  as amended by chapter 67 of the laws of 2010, is amended to
read as follows:
  S 51. This act shall take effect immediately and shall apply to  taxa-
ble years beginning on or after January 1, 1985[, except that:
  (a) sections one through eight shall not apply to taxable years begin-
ning on or after January 1, 2011;

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09960-02-1

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