assembly Bill A7791B

2019-2020 Legislative Session

Repeals the rebates for stock transfer tax paid; dedicates funds of the stock transfer tax fund and stock transfer incentive fund to various funds

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Sponsored By

Current Bill Status - In Assembly Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (6)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jul 01, 2020 print number 7791b
Jul 01, 2020 amend and recommit to ways and means
Jan 08, 2020 referred to ways and means
Sep 06, 2019 print number 7791a
Sep 06, 2019 amend and recommit to ways and means
May 22, 2019 referred to ways and means

A7791 - Details

See Senate Version of this Bill:
S6203
Law Section:
State Finance Law
Laws Affected:
Rpld §280-a, amd §270, Tax L; rpld §92-i, amd §§92-b & 93-b, St Fin L; rpld §11-503 sub (c), §11-604 sub 12, NYC Ad Cd; add §3-0323, En Con L

A7791 - Summary

Repeals the rebates for stock transfer tax paid; dedicates funds of the stock transfer tax fund and stock transfer incentive fund to various funds; establishes the safe water and infrastructure action program.

A7791 - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7791
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               May 22, 2019
                                ___________
 
 Introduced  by M. of A. STECK -- read once and referred to the Committee
   on Ways and Means
 
 AN ACT to amend the state finance law, in relation to the repeal of  the
   rebate for stock transfer tax paid and the funds of the stock transfer
   tax  fund  and  the dedicated infrastructure investment fund; to amend
   the environmental conservation law, in relation  to  establishing  the
   safe  water  infrastructure  action  program for the purpose of making
   payments toward the replacement and rehabilitation of  existing  local
   municipally-owned  and funded drinking water, storm water and sanitary
   sewer systems; to amend the tax law, in relation to taxes  imposed  in
   certain  transactions; to repeal section 280-a of the tax law relating
   to the rebate for stock transfer tax paid; to repeal section  92-i  of
   the  state  finance law relating to the stock transfer incentive fund;
   and to repeal certain provisions of the  administrative  code  of  the
   city of New York relating thereto
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 280-a of the tax law is REPEALED.
   § 2. Section 92-i of the state finance law is REPEALED.
   § 3. Section 92-b of the state finance law, as added by chapter 91  of
 the laws of 1965, subdivision 3 as amended by chapter 878 of the laws of
 1977,  subdivision  4  as  amended  by  chapter 724 of the laws of 1979,
 subdivision 5 as added and subdivision 6 as renumbered by section  2  of
 chapter  3  of the laws of 1966, subdivision 7 as added by section 10 of
 part SS1 of chapter 57 of the laws of 2008 and such  section  as  renum-
 bered  by section 1 of chapter 3 of the laws of 1966, is amended to read
 as follows:
   § 92-b. Stock transfer tax fund. 1. There is hereby established in the
 custody of the commissioner of taxation and finance a special  fund,  to
 be known as the stock transfer tax fund.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD09894-04-9

Co-Sponsors

view additional co-sponsors

Multi-Sponsors

A7791A - Details

See Senate Version of this Bill:
S6203
Law Section:
State Finance Law
Laws Affected:
Rpld §280-a, amd §270, Tax L; rpld §92-i, amd §§92-b & 93-b, St Fin L; rpld §11-503 sub (c), §11-604 sub 12, NYC Ad Cd; add §3-0323, En Con L

A7791A - Summary

Repeals the rebates for stock transfer tax paid; dedicates funds of the stock transfer tax fund and stock transfer incentive fund to various funds; establishes the safe water and infrastructure action program.

A7791A - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  7791--A
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               May 22, 2019
                                ___________
 
 Introduced  by M. of A. STECK -- read once and referred to the Committee
   on Ways and Means  --  committee  discharged,  bill  amended,  ordered
   reprinted as amended and recommitted to said committee
 
 AN  ACT to amend the state finance law, in relation to the repeal of the
   rebate for stock transfer tax paid and the funds of the stock transfer
   tax fund and the dedicated infrastructure investment  fund;  to  amend
   the  environmental  conservation  law, in relation to establishing the
   safe water infrastructure action program for  the  purpose  of  making
   payments  toward  the replacement and rehabilitation of existing local
   municipally-owned and funded drinking water, storm water and  sanitary
   sewer  systems;  to amend the tax law, in relation to taxes imposed in
   certain transactions; to repeal section 280-a of the tax law  relating
   to  the  rebate for stock transfer tax paid; to repeal section 92-i of
   the state finance law relating to the stock transfer  incentive  fund;
   and  to  repeal  certain  provisions of the administrative code of the
   city of New York relating thereto
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Section 280-a of the tax law is REPEALED.
   § 2. Section 92-i of the state finance law is REPEALED.
   §  3. Section 92-b of the state finance law, as added by chapter 91 of
 the laws of 1965, subdivision 3 as amended by chapter 878 of the laws of
 1977, subdivision 4 as amended by chapter  724  of  the  laws  of  1979,
 subdivision  5  as added and subdivision 6 as renumbered by section 2 of
 chapter 3 of the laws of 1966, subdivision 7 as added by section  10  of
 part  SS1  of  chapter 57 of the laws of 2008 and such section as renum-
 bered by section 1 of chapter 3 of the laws of 1966, is amended to  read
 as follows:
   § 92-b. Stock transfer tax fund. 1. There is hereby established in the
 custody  of  the commissioner of taxation and finance a special fund, to
 be known as the stock transfer tax fund.

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

Co-Sponsors

view additional co-sponsors

Multi-Sponsors

A7791B (ACTIVE) - Details

See Senate Version of this Bill:
S6203
Law Section:
State Finance Law
Laws Affected:
Rpld §280-a, amd §270, Tax L; rpld §92-i, amd §§92-b & 93-b, St Fin L; rpld §11-503 sub (c), §11-604 sub 12, NYC Ad Cd; add §3-0323, En Con L

A7791B (ACTIVE) - Summary

Repeals the rebates for stock transfer tax paid; dedicates funds of the stock transfer tax fund and stock transfer incentive fund to various funds; establishes the safe water and infrastructure action program.

A7791B (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  7791--B
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               May 22, 2019
                                ___________
 
 Introduced  by  M. of A. STECK, JACOBSON, LIFTON, MOSLEY, STIRPE, ENGLE-
   BRIGHT, BURKE, GOTTFRIED,  EPSTEIN,  PERRY,  SIMON,  LUPARDO,  HUNTER,
   REYES,  ABINANTI,  WILLIAMS, BARRON, ARROYO, KIM, BENEDETTO, L. ROSEN-
   THAL, McDONALD, M. G. MILLER, JOYNER -- Multi-Sponsored by -- M. of A.
   AUBRY, LENTOL -- read once and referred to the Committee on  Ways  and
   Means  --  committee  discharged,  bill  amended, ordered reprinted as
   amended and recommitted  to  said  committee  --  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 state finance law, in relation to the repeal of  the
   rebate for stock transfer tax paid and the funds of the stock transfer
   tax  fund  and  the dedicated infrastructure investment fund; to amend
   the environmental conservation law, in relation  to  establishing  the
   safe  water  infrastructure  action  program for the purpose of making
   payments toward the replacement and rehabilitation of  existing  local
   municipally-owned  and funded drinking water, storm water and sanitary
   sewer systems; to amend the tax law, in relation to taxes  imposed  in
   certain  transactions; to repeal section 280-a of the tax law relating
   to the rebate for stock transfer tax paid; to repeal section  92-i  of
   the  state  finance law relating to the stock transfer incentive fund;
   and to repeal certain provisions of the  administrative  code  of  the
   city of New York relating thereto
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 280-a of the tax law is REPEALED.
   § 2. Section 92-i of the state finance law is REPEALED.
   § 3. Section 92-b of the state finance law, as added by chapter 91  of
 the laws of 1965, subdivision 3 as amended by chapter 878 of the laws of
 1977,  subdivision  4  as  amended  by  chapter 724 of the laws of 1979,
 subdivision 5 as added and subdivision 6 as renumbered by section  2  of
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.