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NY A03363
Bill
Status
Introduced
1/25/2013
Primary Sponsor
Claudia Tenney
Click for details
AI Summary
- Amends Section 951 of the New York Tax Law to increase the state estate tax exemption from $1 million to $5 million
- The unified credit against the estate tax under Internal Revenue Code Section 2010 shall be calculated as if the federal applicable exclusion amount were $5 million
- Takes effect immediately upon enactment
- Applies to all estates submitted to probate after the law becomes effective
- Referred to the Committee on Ways and Means
Legislative Description
Relates to raising the amount of the New York state estate tax exemption from one million to five million dollars.
Last Action
held for consideration in ways and means
6/17/2014
Committee Referrals
Ways and Means1/25/2013
Full Bill Text
No bill text available