Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Sep 23, 2011 |
signed chap.529 |
Sep 12, 2011 |
delivered to governor |
Jun 16, 2011 |
returned to assembly passed senate 3rd reading cal.1084 substituted for s5519 |
Jun 14, 2011 |
referred to rules delivered to senate passed assembly |
Jun 13, 2011 |
ordered to third reading rules cal.146 rules report cal.146 reported |
Jun 07, 2011 |
reported referred to rules |
May 24, 2011 |
reported referred to ways and means |
May 16, 2011 |
referred to judiciary |
Assembly Bill A7729
Signed By Governor2011-2012 Legislative Session
Sponsored By
WEINSTEIN
Archive: Last Bill Status - Signed by Governor
- 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
Actions
Votes
co-Sponsors
David Weprin
Peter Rivera
2011-A7729 (ACTIVE) - Details
- See Senate Version of this Bill:
- S5519
- Law Section:
- Estates, Powers and Trusts Law
- Laws Affected:
- Amd §2-1.13, EPT L
2011-A7729 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7729 2011-2012 Regular Sessions I N A S S E M B L Y May 16, 2011 ___________ Introduced by M. of A. WEINSTEIN -- (at request of the Office of Court Administration) -- read once and referred to the Committee on Judici- ary AN ACT to amend the estates, powers and trusts law, in relation to certain formula clauses to be construed to refer to the federal estate and generation-skipping transfer tax laws applicable to estates of decedents dying after December 31, 2009 and before January 1, 2011 THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 2-1.13 of the estates, powers and trusts law, as added by chapter 349 of the laws of 2010, is amended to read as follows: S 2-1.13 Certain formula clauses to be construed to refer to the federal estate and generation-skipping transfer tax laws applicable to estates of decedents dying after December thirty-first, two thousand nine and before January first, two thousand eleven (a)(1) If by reason of the death of a decedent property passes or is acquired under a beneficiary designation, [in the case of] a will or trust of a decedent who dies after December thirty-first, two thousand nine and before January first, two thousand eleven, that contains a bequest or other disposition based upon the amount of property that can be sheltered from federal estate tax by referring to the "unified cred- it", "estate tax exemption", "applicable exclusion amount", "applicable exemption amount", "applicable credit amount", "marital deduction", "maximum marital deduction", "unlimited marital deduction", "charitable deduction", "maximum charitable deduction" or similar words or phrases relating to the federal estate tax, or that measures a share of an estate or trust based on the amount that can pass free of federal estate taxes, or that is otherwise based on a similar provision of federal estate tax THEN SUCH BENEFICIARY DESIGNATION, WILL OR TRUST shall be deemed to refer to the federal estate tax law as applied with respect to EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11472-02-1
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