S T A T E O F N E W Y O R K
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8577
I N A S S E M B L Y
January 23, 2014
___________
Introduced by M. of A. BUCHWALD -- read once and referred to the Commit-
tee on Ways and Means
AN ACT to amend the tax law, in relation to authorizing certain taxpay-
ers who are entitled to a one hundred percent rebate of certain stock
transfer taxes not to pay such taxes
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. The tax law is amended by adding a new section 281-b to
read as follows:
S 281-B. APPLICATION OF ARTICLE TO CERTAIN TAXPAYERS. NOTWITHSTANDING
ANY OTHER PROVISION OF LAW TO THE CONTRARY, A TAXPAYER THAT WOULD BE
ENTITLED TO RECEIVE A REBATE OF ONE HUNDRED PERCENT OF THE TAX IMPOSED
BY THIS ARTICLE SHALL NOT BE OBLIGATED TO PAY SUCH TAXES.
S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD13033-01-3