Bill A8577-2013

Authorizes certain taxpayers who are entitled to a one hundred percent rebate of certain stock transfer taxes not to pay such taxes

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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  • Jan 23, 2014: referred to ways and means

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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: Section 1. The tax law is amended by adding a new section 281-b to read as follows: S 281-B. APPLICATION OF ARTICLE TO CERTAIN TAXPAYERS. NOTWITHSTANDING ANY OTHER PROVISION OF LAW TO THE CONTRARY, A TAXPAYER THAT WOULD BE ENTITLED TO RECEIVE A REBATE OF ONE HUNDRED PERCENT OF THE TAX IMPOSED BY THIS ARTICLE SHALL NOT BE OBLIGATED TO PAY SUCH TAXES. S 2. This act shall take effect immediately.

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