Assembly Bill A5137A

2015-2016 Legislative Session

Imposes franchise taxes on professional football leagues

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Sponsored By

Archive: Last Bill Status - In Assembly Committee

  • 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

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Bill Amendments

co-Sponsors

multi-Sponsors

2015-A5137 - Details

See Senate Version of this Bill:
S2920
Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd §209, Tax L

2015-A5137 - Summary

Imposes franchise taxes on professional football leagues.

2015-A5137 - Bill Text download pdf 

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

                                  5137

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                            February 12, 2015
                               ___________

Introduced  by M. of A. GLICK, JAFFEE, O'DONNELL, RIVERA, COOK, SKOUFIS,
  ZEBROWSKI, TITONE, MILLER, BARRON -- Multi-Sponsored by --  M.  of  A.
  ABINANTI,  COLTON,  LUPARDO,  McLAUGHLIN,  MONTESANO, ROBINSON -- read
  once and referred to the Committee on Ways and Means

AN ACT to amend the tax law, in relation to imposing franchise taxes  on
  professional football leagues

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

  Section 1. Section 209 of the tax law  is  amended  by  adding  a  new
subdivision 13 to read as follows:
  13.  FOR  ANY  TAXABLE  YEAR  BEGINNING ON OR AFTER JANUARY FIRST, TWO
THOUSAND SIXTEEN, PROFESSIONAL FOOTBALL LEAGUES, AS DEFINED IN 26  U.S.C
S  501  SHALL  NOT  BE  CONSIDERED TO BE NONPROFIT ORGANIZATIONS FOR THE
PURPOSES OF THIS CHAPTER AND SHALL BE SUBJECT TO THE  TAXES  IMPOSED  BY
THIS ARTICLE.
  S 2. This act shall take effect January 1, 2016 and shall apply to all
tax years commencing on or after such date.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07760-01-5

co-Sponsors

multi-Sponsors

2015-A5137A (ACTIVE) - Details

See Senate Version of this Bill:
S2920
Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd §209, Tax L

2015-A5137A (ACTIVE) - Summary

Imposes franchise taxes on professional football leagues.

2015-A5137A (ACTIVE) - Bill Text download pdf 

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

                                 5137--A

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                            February 12, 2015
                               ___________

Introduced  by M. of A. GLICK, JAFFEE, O'DONNELL, RIVERA, COOK, SKOUFIS,
  ZEBROWSKI,  TITONE,  MILLER,  BARRON,  BARRETT,   ARROYO,   ROSENTHAL,
  LINARES,  CRESPO,  GALEF,  GOTTFRIED,  MURRAY,  STECK, ABINANTI, FAHY,
  MARKEY -- Multi-Sponsored by --  M.  of  A.  BLAKE,  BRENNAN,  COLTON,
  LUPARDO,  McLAUGHLIN,  MONTESANO,  PERRY, ROBINSON, SIMON -- read once
  and referred to the Committee on Ways and Means -- recommitted to  the
  Committee on Ways and Means in accordance with Assembly Rule 3, sec. 2
  --  committee  discharged,  bill amended, ordered reprinted as amended
  and recommitted to said committee

AN ACT to amend the tax law, in relation to imposing franchise taxes  on
  professional football leagues

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

  Section 1. Section 209 of the tax law  is  amended  by  adding  a  new
subdivision 13 to read as follows:
  13.  FOR  ANY  TAXABLE  YEAR  BEGINNING ON OR AFTER JANUARY FIRST, TWO
THOUSAND SEVENTEEN, PROFESSIONAL FOOTBALL  LEAGUES,  AS  DEFINED  IN  26
U.S.C  S  501  SHALL NOT BE CONSIDERED TO BE NONPROFIT ORGANIZATIONS FOR
THE PURPOSES OF THIS CHAPTER AND SHALL BE SUBJECT TO THE  TAXES  IMPOSED
BY THIS ARTICLE.
  S 2. This act shall take effect January 1, 2017 and shall apply to all
tax years commencing on or after such date.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07760-03-6

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