Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
May 17, 2022 |
returned to assembly passed senate 3rd reading cal.1029 substituted for s8654a |
May 17, 2022 |
substituted by a9882a |
May 05, 2022 |
advanced to third reading |
May 04, 2022 |
2nd report cal. amended 8654a |
May 03, 2022 |
1st report cal.1029 |
Mar 25, 2022 |
referred to consumer protection |
Senate Bill S8654
2021-2022 Legislative Session
Sponsored By
(D, IP) Senate District
Archive: Last Bill Status Via A9882 - Passed Senate
- 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
Bill Amendments
co-Sponsors
(D) 26th Senate District
(D, WF) 40th Senate District
(D) 32nd Senate District
2021-S8654 - Details
- Law Section:
- General Business Law
- Laws Affected:
- Amd §§1300, 1301, 1303, 1304, 1309 & 1310, add §1310-a, Gen Bus L
- Versions Introduced in 2023-2024 Legislative Session:
-
S2399
2021-S8654 - Sponsor Memo
BILL NUMBER: S8654 SPONSOR: SAVINO TITLE OF BILL: An act to amend the general business law, in relation to the secure choice savings program and participating individuals PURPOSE: To allow "participating individuals" defined as any individual who enrolls in the program independent of a employments relationship with an eligible employer, maintains and account in the program, and is not a participating employee. SUMMARY OF PROVISIONS: Article 43 of the General Business Law - The New York State Secure Choice Savings Program to allow participating individuals to participate in the program. "Participating Individuals":
2021-S8654 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8654 I N S E N A T E March 25, 2022 ___________ Introduced by Sen. SAVINO -- read twice and ordered printed, and when printed to be committed to the Committee on Consumer Protection AN ACT to amend the general business law, in relation to the secure choice savings program and participating individuals THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 1300 of the general business law, as added by section 2 of part X of chapter 55 of the laws of 2018 and subdivisions 4 and 8 as amended by chapter 452 of the laws of 2021, is amended to read as follows: § 1300. Definitions. All terms shall have the same meaning as when used in a comparable context in the Internal Revenue Code. As used in this article, the following terms shall have the following meanings: 1. "Board" shall mean the New York secure choice savings program board established under this article. 2. "Superintendent" shall mean the superintendent of the department of financial services. 2-a. "Commissioner" shall mean the commissioner of taxation and finance. 2-b. "Comptroller" shall mean the comptroller of the state. 3. "Employee" shall mean any individual who is eighteen years of age or older, who is employed by an employer, and who earned wages working for an employer in New York state during a calendar year. 4. "Employer" shall mean a person or entity engaged in a business, industry, profession, trade, or other enterprise in New York state, whether for profit or not for profit, that (i) has at all times during the previous calendar year employed at least ten employees in the state, (ii) has been in business at least two years, and (iii) has not offered a qualified retirement plan, including, but not limited to, a plan qual- ified under sections 401(a), 401(k), 403(a), 403(b), 408(k), 408(p) or 457(b) of the Internal Revenue Code of 1986 in the preceding two years. 5. "Enrollee" shall mean any employee who is enrolled in the program. 6. "Internal Revenue Code" shall mean the Internal Revenue Code of 1986, or any successor law, in effect for the calendar year. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
co-Sponsors
(D) 26th Senate District
(D, WF) 40th Senate District
(D, WF) 31st Senate District
(D) 32nd Senate District
2021-S8654A (ACTIVE) - Details
- Law Section:
- General Business Law
- Laws Affected:
- Amd §§1300, 1301, 1303, 1304, 1309 & 1310, add §1310-a, Gen Bus L
- Versions Introduced in 2023-2024 Legislative Session:
-
S2399
2021-S8654A (ACTIVE) - Sponsor Memo
BILL NUMBER: S8654A SPONSOR: SAVINO TITLE OF BILL: An act to amend the general business law, in relation to the secure choice savings program and participating individuals PURPOSE: To allow "participating individuals" defined as any individual who enrolls in the program independent of a employments relationship with an eligible employer, maintains and account in the program, and is not a participating employee. SUMMARY OF PROVISIONS: Article 43 of the General Business Law - The New York State Secure Choice Savings Program to allow participating individuals to participate in the program. "Participating Individuals":
2021-S8654A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8654--A Cal. No. 1029 I N S E N A T E March 25, 2022 ___________ Introduced by Sens. SAVINO, GOUNARDES, HARCKHAM, SEPULVEDA -- read twice and ordered printed, and when printed to be committed to the Committee on Consumer Protection -- reported favorably from said committee, ordered to first report, amended on first report, ordered to a second report and ordered reprinted, retaining its place in the order of second report AN ACT to amend the general business law, in relation to the secure choice savings program and participating individuals THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 1300 of the general business law, as added by section 2 of part X of chapter 55 of the laws of 2018 and subdivisions 4 and 8 as amended by chapter 452 of the laws of 2021, is amended to read as follows: § 1300. Definitions. All terms shall have the same meaning as when used in a comparable context in the Internal Revenue Code. As used in this article, the following terms shall have the following meanings: 1. "Board" shall mean the New York secure choice savings program board established under this article. 2. "Superintendent" shall mean the superintendent of the department of financial services. 2-a. "Commissioner" shall mean the commissioner of taxation and finance. 2-b. "Comptroller" shall mean the comptroller of the state. 3. "Employee" shall mean any individual who is eighteen years of age or older, who is employed by an employer, and who earned wages working for an employer in New York state during a calendar year. 4. "Employer" shall mean a person or entity engaged in a business, industry, profession, trade, or other enterprise in New York state, whether for profit or not for profit, that (i) has at all times during the previous calendar year employed at least ten employees in the state, (ii) has been in business at least two years, and (iii) has not offered a qualified retirement plan, including, but not limited to, a plan qual- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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