A08577 Summary:

BILL NOA08577
 
SAME ASNo same as
 
SPONSORBuchwald
 
COSPNSR
 
MLTSPNSR
 
Add S281-B, Tax L
 
Authorizes certain taxpayers who are entitled to a one hundred percent rebate of certain stock transfer taxes not to pay such taxes.
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A08577 Actions:

BILL NOA08577
 
01/23/2014referred to ways and means
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A08577 Floor Votes:

There are no votes for this bill in this legislative session.
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A08577 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          8577
 
                   IN ASSEMBLY
 
                                    January 23, 2014
                                       ___________
 
        Introduced by M. of A. BUCHWALD -- read once and referred to the Commit-
          tee on Ways and Means
 
        AN  ACT to amend the tax law, in relation to authorizing certain taxpay-
          ers who are entitled to a one hundred percent rebate of certain  stock
          transfer taxes not to pay such taxes
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

 
     1    Section 1. The tax law is amended by adding a  new  section  281-b  to
     2  read as follows:
     3    § 281-b. Application of article to certain taxpayers.  Notwithstanding
     4  any  other  provision  of  law to the contrary, a taxpayer that would be
     5  entitled to receive a rebate of one hundred percent of the  tax  imposed
     6  by this article shall not be obligated to pay such taxes.
     7    § 2. This act shall take effect immediately.
 
 
 
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD13033-01-3
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