STATE OF NEW YORK
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2884--A
2017-2018 Regular Sessions
IN SENATE
January 18, 2017
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Introduced by Sens. TEDISCO, ROBACH -- read twice and ordered printed,
and when printed to be committed to the Committee on Investigations
and Government Operations -- recommitted to the Committee on Investi-
gations and Government Operations in accordance with Senate Rule 6,
sec. 8 -- committee discharged, bill amended, ordered reprinted as
amended and recommitted to said committee
AN ACT to amend the tax law and the administrative code of the city of
New York, in relation to taxable estates; and to repeal article 26 of
the tax law relating thereto
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Article 26 of the tax law is REPEALED.
2 § 2. Section 1825 of the tax law, as amended by section 20 of part AAA
3 of chapter 59 of the laws of 2017, is amended to read as follows:
4 § 1825. Violation of secrecy provisions of the tax law.--Any person
5 who violates the provisions of subdivision (b) of section twenty-one,
6 subdivision one of section two hundred two, subdivision eight of section
7 two hundred eleven, subdivision (a) of section three hundred fourteen,
8 subdivision one or two of section four hundred thirty-seven, section
9 four hundred eighty-seven, subdivision one or two of section five
10 hundred fourteen, subsection (e) of section six hundred ninety-seven,
11 [subsection (a) of section nine hundred ninety-four,] subdivision (a) of
12 section eleven hundred forty-six, section twelve hundred eighty-seven,
13 section twelve hundred ninety-six, subdivision (a) of section fourteen
14 hundred eighteen, subdivision (a) of section fifteen hundred eighteen,
15 subdivision (a) of section fifteen hundred fifty-five of this chapter,
16 and subdivision (e) of section 11-1797 of the administrative code of the
17 city of New York shall be guilty of a misdemeanor.
18 § 3. Subdivision (r) of section 11-1712 of the administrative code of
19 the city of New York, as relettered by section 60 of chapter 639 of the
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD06351-02-8
S. 2884--A 2
1 laws of 1986 and such section as renumbered by section 43 of chapter 639
2 of the laws of 1986, is amended to read as follows:
3 (r) In the case of a sale or other disposition of property acquired
4 from a decedent and valued by the executor of the estate of such dece-
5 dent [for the purposes of the tax under article twenty-six of the tax
6 law (i) pursuant to paragraph two of subsection (b) of section nine
7 hundred fifty-four of the tax law, or (ii) pursuant to section nine
8 hundred fifty-four-a of the tax law,] where such estate was insufficient
9 to require the filing of a federal estate tax return, the amount neces-
10 sary to properly reflect the gain or loss from such sale or other dispo-
11 sition which would have been realized under this chapter, had[, in the
12 case of clause (i) of this subdivision,] a federal estate tax return
13 been filed similarly valuing such property pursuant to section two thou-
14 sand thirty-two of the internal revenue code, or [in the case of clause
15 (ii) of this subdivision,] pursuant to section two thousand thirty-two-A
16 of such code.
17 § 4. This act shall take effect immediately.
