Senate Bill S2920A

2015-2016 Legislative Session

Imposes franchise taxes on professional football leagues

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Investigations And Government Operations Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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Bill Amendments

co-Sponsors

2015-S2920 - Details

See Assembly Version of this Bill:
A5137
Current Committee:
Senate Investigations And Government Operations
Law Section:
Tax Law
Laws Affected:
Amd §209, Tax L

2015-S2920 - Summary

Imposes franchise taxes on professional football leagues.

2015-S2920 - Sponsor Memo

2015-S2920 - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  2920

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            January 30, 2015
                               ___________

Introduced  by Sens. HOYLMAN, AVELLA, KRUEGER, PERKINS -- read twice and
  ordered printed, and when printed to be committed to the Committee  on
  Investigations and Government Operations

AN  ACT to amend the tax law, in relation to imposing franchise taxes on
  professional football leagues

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Section  209  of  the  tax law is amended by adding a new
subdivision 13 to read as follows:
  13. FOR ANY TAXABLE YEAR BEGINNING ON  OR  AFTER  JANUARY  FIRST,  TWO
THOUSAND  SIXTEEN, PROFESSIONAL FOOTBALL LEAGUES, AS DEFINED IN 26 U.S.C
S 501 SHALL NOT BE CONSIDERED TO  BE  NONPROFIT  ORGANIZATIONS  FOR  THE
PURPOSES  OF  THIS  CHAPTER AND SHALL BE SUBJECT TO THE TAXES IMPOSED BY
THIS ARTICLE.
  S 2. This act shall take effect January 1, 2016 and shall apply to all
tax years commencing on or after such date.






 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07760-01-5


              

co-Sponsors

2015-S2920A (ACTIVE) - Details

See Assembly Version of this Bill:
A5137
Current Committee:
Senate Investigations And Government Operations
Law Section:
Tax Law
Laws Affected:
Amd §209, Tax L

2015-S2920A (ACTIVE) - Summary

Imposes franchise taxes on professional football leagues.

2015-S2920A (ACTIVE) - Sponsor Memo

2015-S2920A (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 2920--A

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            January 30, 2015
                               ___________

Introduced  by Sens. HOYLMAN, AVELLA, KRUEGER, PERKINS -- read twice and
  ordered printed, and when printed to be committed to the Committee  on
  Investigations and Government Operations -- recommitted to the Commit-
  tee  on  Investigations  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, in relation to imposing franchise taxes on
  professional football leagues

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Section  209  of  the  tax law is amended by adding a new
subdivision 13 to read as follows:
  13. FOR ANY TAXABLE YEAR BEGINNING ON  OR  AFTER  JANUARY  FIRST,  TWO
THOUSAND  SEVENTEEN,  PROFESSIONAL  FOOTBALL  LEAGUES,  AS DEFINED IN 26
U.S.C S 501 SHALL NOT BE CONSIDERED TO BE  NONPROFIT  ORGANIZATIONS  FOR
THE  PURPOSES  OF THIS CHAPTER AND SHALL BE SUBJECT TO THE TAXES IMPOSED
BY THIS ARTICLE.
  S 2. This act shall take effect January 1, 2017 and shall apply to all
tax years commencing on or after such date.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07760-02-6


              

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