Do you support this bill?

Assembly Bill A5470

2023-2024 Legislative Session

Repeals section 3 of article 16 relating to the taxation of moneys, credits, securities and other intangible personal property in the state that is not employed in carrying on any business therein

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee

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

2023-A5470 (ACTIVE) - Details

See Senate Version of this Bill:
S2893
Current Committee:
Assembly Judiciary
Law Section:
Constitution, Concurrent Resolutions to Amend
Laws Affected:
Rpld Art 16 §3, Constn
Versions Introduced in Other Legislative Sessions:
2021-2022: A6257, S4699
2025-2026: A3715, S3047

2023-A5470 (ACTIVE) - Summary

Relates to the taxation of moneys, credits, securities and other intangible personal property in the state that is not employed in carrying on any business therein.

2023-A5470 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5470
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              March 10, 2023
                                ___________
 
 Introduced  by  M.  of  A.  MITAYNES,  KIM, MAMDANI, GALLAGHER, FORREST,
   REYES, SEAWRIGHT -- read once and referred to the  Committee  on  Ways
   and Means
 
             CONCURRENT RESOLUTION OF THE SENATE AND ASSEMBLY
 
 repealing  section  3 of article 16 of the constitution, relating to the
   taxation of moneys, credits, securities and other intangible  personal
   property in the state that is not employed in carrying on any business
   therein
 
   Section  1. Resolved (if the Senate concur), That section 3 of article
 16 of the constitution is  REPEALED.
   §  2.  Resolved (if the Senate concur), That the foregoing  amendments
 be referred to the first regular legislative session convening after the
 next  succeeding  general  election  of members of the assembly, and, in
 conformity with  section  1  of  article  19  of  the  constitution,  be
 published for 3 months previous to the time of such election.
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD89039-01-3

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.