New York State Assembly

 
•  Summary 
 
•  Actions 
 
•  Committee Votes 
 
•  Floor Votes 
 
•  Memo 
 
•  Text 
 
•  LFIN 
 
•  Chamber Video/Transcript 

S04347 Summary:

S04347 Actions:

S04347 Committee Votes:

S04347 Floor Votes:

S04347 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          4347
 
                               2019-2020 Regular Sessions
 
                    IN SENATE
 
                                      March 7, 2019
                                       ___________
 
        Introduced  by  Sens.  KRUEGER,  RANZENHOFER,  MYRIE  --  read twice and
          ordered printed, and when printed to be committed to the Committee  on
          Budget and Revenue
 
        AN  ACT  to  amend  the tax law, in relation to limitations on political
          activity
 
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section  1.  Paragraph 4 of subdivision (a) of section 1116 of the tax
     2  law, as amended by chapter 270 of the laws of 2001, is amended  to  read
     3  as follows:
     4    (4)  Any  corporation,  association,  trust, or community chest, fund,
     5  foundation, or limited liability company, organized and operated  exclu-
     6  sively for religious, charitable, scientific, testing for public safety,
     7  literary or educational purposes, or to foster national or international
     8  amateur  sports  competition  (but  only  if  no  part of its activities
     9  involve the provision of athletic facilities or equipment), or  for  the
    10  prevention  of  cruelty to children or animals, no part of the net earn-
    11  ings of which inures to the benefit of any private shareholder or  indi-
    12  vidual,  no  substantial  part of the activities of which is carrying on
    13  propaganda, or otherwise attempting to influence legislation, (except as
    14  otherwise provided in subsection (h) of section five hundred one of  the
    15  United  States  internal revenue code of nineteen hundred fifty-four, as
    16  amended), and which does not participate in, or intervene in  (including
    17  the publishing or distributing of statements), any political campaign on
    18  behalf  of  or  in  opposition  to  any candidate for public office. The
    19  provisions of this paragraph regarding political campaign activity shall
    20  be interpreted in the same manner as section  501(c)(3)  of  the  United
    21  States  internal  revenue  code has been interpreted as of the effective
    22  date of the chapter of the laws of two thousand  nineteen  that  amended
    23  this paragraph;
    24    § 2. This act shall take effect immediately.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD02092-01-9