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A07723 Summary:

BILL NOA07723
 
SAME ASSAME AS S03315-A
 
SPONSORZaccaro
 
COSPNSR
 
MLTSPNSR
 
Amd 2402, SCPA
 
Relates to establishing new fee rates for large estates; raises the fee rate for estates with a value over $5,000,000 to $10,000.
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A07723 Actions:

BILL NOA07723
 
06/06/2023referred to judiciary
01/03/2024referred to judiciary
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A07723 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          7723
 
                               2023-2024 Regular Sessions
 
                   IN ASSEMBLY
 
                                      June 6, 2023
                                       ___________
 
        Introduced  by M. of A. ZACCARO -- read once and referred to the Commit-
          tee on Judiciary
 
        AN ACT to amend the surrogate's court  procedure  act,  in  relation  to
          establishing new fee rates for large estates
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Subdivision 7 of section  2402  of  the  surrogate's  court
     2  procedure  act,  as amended by section 30 of part J of chapter 62 of the
     3  laws of 2003, is amended to read as follows:
     4    7. The fee schedule for  subdivision  1  through  7  inclusive  is  as
     5  follows:
 
     6  Value of Estate or Subject Matter                               Fee Rate
     7       Less than $10,000 ....................................... $   45.00
     8       10,000 but under 20,000 .................................     75.00
     9       20,000 but under 50,000 .................................    215.00
    10       50,000 but under 100,000 ................................    280.00
    11       100,000 but under 250,000 ...............................    420.00
    12       250,000 but under 500,000 ...............................    625.00
    13       500,000 [and over] but under 750,000 ....................  1,250.00
    14       750,000 but under 1,000,000 .............................  1,875.00
    15       1,000,000 but under 2,000,000 ...........................  2,500.00
    16       2,000,000 but under 3,000,000 ...........................  5,000.00
    17       3,000,000 but under 5,000,000............................  7,500.00
    18       5,000,000 and over ...................................... 10,000.00
 
    19    §  2.  This  act shall take effect on the thirtieth day after it shall
    20  have become a law and shall apply to actions and  proceedings  commenced
    21  on or after such effective date.
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD07833-03-3
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