Assembly Bill A3232

2023-2024 Legislative Session

Relates to imposing a tax on attorney's fees

download bill text pdf

Sponsored By

Current Bill Status - Stricken

  • 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

2023-A3232 (ACTIVE) - Details

Law Section:
Tax Law
Laws Affected:
Add §48, Tax L

2023-A3232 (ACTIVE) - Summary

Relates to imposing a tax on attorney's fees; imposes a two percent tax on attorney's fees over $10,000 not associated with litigation; provides that revenue from such tax shall be deposited monthly into the general fund.

2023-A3232 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3232
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 2, 2023
                                ___________
 
 Introduced  by M. of A. EPSTEIN -- read once and referred to the Commit-
   tee on Ways and Means
 
 AN ACT to amend the tax law, in relation to imposing a tax on attorney's
   fees
 
   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 section 48 to read
 as follows:
   § 48. TAX IMPOSED ON ATTORNEY'S FEES. 1. THERE IS HEREBY IMPOSED A TWO
 PERCENT TAX ON ALL ATTORNEY'S FEES OVER TEN THOUSAND DOLLARS.  SUCH  TAX
 SHALL  NOT  INCLUDE  ANY ATTORNEY'S FEES ASSOCIATED WITH LITIGATION. THE
 COMMISSIONER, IN CONJUNCTION WITH THE CHIEF ADMINISTRATOR OF THE  OFFICE
 OF  COURT  ADMINISTRATION, SHALL PROMULGATE RULES AND REGULATIONS NECES-
 SARY FOR THE IMPLEMENTATION OF THIS SECTION.
   2. ALL TAXES, INTEREST AND PENALTIES  COLLECTED  OR  RECEIVED  BY  THE
 COMMISSIONER UNDER THIS SECTION SHALL BE DEPOSITED MONTHLY, TO THE CRED-
 IT  OF  THE GENERAL FUND OF THE STATE. THE COMMISSIONER SHALL MAINTAIN A
 SYSTEM OF ACCOUNTS SHOWING THE AMOUNT OF MONEY COLLECTED  AND  DISBURSED
 FROM THE TAX IMPOSED BY THIS SECTION.
   §  2.  This  act shall take effect on the ninetieth day after it shall
 have become a law. Effective immediately, the addition, amendment and/or
 repeal of any rule or regulation necessary  for  the  implementation  of
 this  act  on its effective date are authorized to be made and completed
 on or before such effective date.
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD01728-01-3

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.