Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 03, 2024 |
referred to ways and means |
Dec 13, 2023 |
print number 7981a |
Dec 13, 2023 |
amend and recommit to ways and means |
Aug 18, 2023 |
referred to ways and means |
Assembly Bill A7981A
2023-2024 Legislative Session
Sponsored By
DE LOS SANTOS
Current 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
Actions
Bill Amendments
2023-A7981 - Details
- See Senate Version of this Bill:
- S7626
- Current Committee:
- Assembly Ways And Means
- Law Section:
- Abandoned Property Law
- Laws Affected:
- Amd §1402, add §§1423 & 1424, rpld §1419, Ab Prop L; add §664, amd §21, Tax L
2023-A7981 - Summary
Enacts the "return abandoned property immediately and direct (R.A.P.I.D.) act"; relates to the return of abandoned property to owners by the state comptroller and the department of taxation and finance; repeals the provision that a holder of abandoned property need not specify certain information identifying the owner of abandoned property amounting to twenty dollars or less when delivering such abandoned property to the state comptroller.
2023-A7981 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7981 2023-2024 Regular Sessions I N A S S E M B L Y August 18, 2023 ___________ Introduced by M. of A. DE LOS SANTOS -- read once and referred to the Committee on Ways and Means AN ACT to amend the abandoned property law and the tax law, in relation to the return of abandoned property to owners by the state comptroller and the department of taxation and finance; and to repeal section 1419 of the abandoned property law THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph (a) of subdivision 1 and paragraph (a) of subdi- vision 2 of section 1402 of the abandoned property law, as added by section 35 of part A of chapter 61 of the laws of 2011, are amended to read as follows: (a) Notwithstanding anything to the contrary set forth in section fourteen hundred one of this article, the comptroller shall maintain on his or her website in a readily searchable format, a list of such aban- doned property as has been paid or delivered to the comptroller [that has a value of over twenty dollars, for a period of twelve months prior to April first, two thousand eleven, and any such abandoned property as has been paid or delivered to the comptroller thereafter that has a value of over twenty dollars, provided that when sixty or more months has passed after such property has been paid or delivered to the comp- troller, the comptroller shall not be required to post such property on his or her website if he or she does not deem it reasonable and appro- priate to do so]. ALL UNCLAIMED FUNDS SHALL BE POSTED ON SUCH SEARCHABLE LIST AT ALL TIMES. (a) the names and last known addresses of all persons appearing from the records in the comptroller's office, as set forth in the report filed by the holder, to be entitled to receive such abandoned property [exceeding twenty dollars in value]; and § 2. The abandoned property law is amended by adding a new section 1423 to read as follows: EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11969-01-3
2023-A7981A (ACTIVE) - Details
- See Senate Version of this Bill:
- S7626
- Current Committee:
- Assembly Ways And Means
- Law Section:
- Abandoned Property Law
- Laws Affected:
- Amd §1402, add §§1423 & 1424, rpld §1419, Ab Prop L; add §664, amd §21, Tax L
2023-A7981A (ACTIVE) - Summary
Enacts the "return abandoned property immediately and direct (R.A.P.I.D.) act"; relates to the return of abandoned property to owners by the state comptroller and the department of taxation and finance; repeals the provision that a holder of abandoned property need not specify certain information identifying the owner of abandoned property amounting to twenty dollars or less when delivering such abandoned property to the state comptroller.
2023-A7981A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7981--A 2023-2024 Regular Sessions I N A S S E M B L Y August 18, 2023 ___________ Introduced by M. of A. DE LOS SANTOS -- 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 abandoned property law and the tax law, in relation to the return of abandoned property to owners by the state comptroller and the department of taxation and finance; and to repeal section 1419 of the abandoned property law THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Short title. This act shall be known and may be cited as the "return abandoned property immediately and direct (R.A.P.I.D.) act". § 2. Paragraph (a) of subdivision 1 and paragraph (a) of subdivision 2 of section 1402 of the abandoned property law, as added by section 35 of part A of chapter 61 of the laws of 2011, are amended to read as follows: (a) Notwithstanding anything to the contrary set forth in section fourteen hundred one of this article, the comptroller shall maintain on his or her website in a readily searchable format, a list of such aban- doned property as has been paid or delivered to the comptroller [that has a value of over twenty dollars, for a period of twelve months prior to April first, two thousand eleven, and any such abandoned property as has been paid or delivered to the comptroller thereafter that has a value of over twenty dollars, provided that when sixty or more months has passed after such property has been paid or delivered to the comp- troller, the comptroller shall not be required to post such property on his or her website if he or she does not deem it reasonable and appro- priate to do so]. ALL UNCLAIMED FUNDS SHALL BE POSTED ON SUCH SEARCHABLE LIST AT ALL TIMES. (a) the names and last known addresses of all persons appearing from the records in the comptroller's office, as set forth in the report EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11969-02-3 A. 7981--A 2
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