Assembly Bill A5316

2017-2018 Legislative Session

Relates to franchise tax on banking corporations

download bill text pdf

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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions

co-Sponsors

2017-A5316 (ACTIVE) - Details

See Senate Version of this Bill:
S6885
Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Add Art 32 §§1450 - 1468, Tax L
Versions Introduced in Other Legislative Sessions:
2015-2016: A6261, S7571
2019-2020: A8552, S3456
2021-2022: A3474, S1680
2023-2024: A2195, S3440

2017-A5316 (ACTIVE) - Summary

Relates to franchise tax on banking corporations.

2017-A5316 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5316
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 8, 2017
                                ___________
 
 Introduced  by M. of A. SKOUFIS, JAFFEE -- read once and referred to the
   Committee on Ways and Means
 
 AN ACT to amend the tax law, in relation to  franchise  tax  on  banking
   corporations
 
   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 article 32  to  read
 as follows:
                                ARTICLE 32
                   FRANCHISE TAX ON BANKING CORPORATIONS
 SECTION 1450.   GENERAL DEFINITIONS.
         1451.   IMPOSITION OF TAX.
         1452.   BANKING CORPORATION DEFINED; EXEMPT CORPORATIONS.
         1453.   COMPUTATIONS OF ENTIRE NET INCOME.
         1453-A. COMPUTATION OF ALTERNATIVE ENTIRE NET INCOME.
         1454.   ALLOCATION.
         1455.   COMPUTATION OF TAX.
         1455-A. TAX SURCHARGE.
         1455-B. TEMPORARY   METROPOLITAN   TRANSPORTATION  BUSINESS  TAX
                   SURCHARGE ON BANKS.
         1456.   CREDITS.
         1460.   DECLARATIONS OF ESTIMATED TAX.
         1461.   PAYMENTS OF ESTIMATED TAX.
         1462.   RETURNS.
         1463.   PAYMENT OF TAX.
         1466.   DEPOSIT AND DISPOSITION OF REVENUE.
         1467.   SECRECY REQUIRED OF OFFICIALS; PENALTY FOR VIOLATION.
         1468.   PROCEDURAL PROVISIONS.
   § 1450. GENERAL DEFINITIONS. AS USED IN THIS ARTICLE:
   (A) THE WORD "TAXPAYER" MEANS A CORPORATION OR ASSOCIATION SUBJECT  TO
 A TAX IMPOSED BY THIS ARTICLE.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.