Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Sep 09, 2016 |
signed chap.309 |
Aug 30, 2016 |
delivered to governor |
Jun 17, 2016 |
returned to assembly passed senate 3rd reading cal.1976 substituted for s7907 |
Jun 15, 2016 |
referred to rules delivered to senate passed assembly |
Jun 14, 2016 |
ordered to third reading rules cal.364 rules report cal.364 reported reported referred to rules |
May 11, 2016 |
referred to ways and means |
Assembly Bill A10120
Signed By Governor2015-2016 Legislative Session
Sponsored By
FARRELL
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
2015-A10120 (ACTIVE) - Details
- See Senate Version of this Bill:
- S7907
- Law Section:
- Local Finance Law
- Laws Affected:
- Amd §11.00, Loc Fin L
2015-A10120 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 10120 I N A S S E M B L Y May 11, 2016 ___________ Introduced by M. of A. FARRELL -- read once and referred to the Commit- tee on Ways and Means AN ACT to amend the local finance law, in relation to providing a period of probable usefulness for an intangible asset classified as a capital asset THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph a of section 11.00 of the local finance law is amended by adding a new subdivision 108 to read as follows: 108. INTANGIBLE ASSETS. THE ACQUISITION OR DEVELOPMENT OF AN INTANGI- BLE ASSET THAT IS CLASSIFIED AS A CAPITAL ASSET UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES FOR MUNICIPALITIES AND THAT HAS BEEN DETERMINED TO HAVE A USEFUL LIFE OF AT LEAST FIVE YEARS BY AN APPROPRIATE ENGINEERING OR OTHER PROFESSIONAL, FIVE YEARS. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD15415-01-6
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