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NY A05432

Bill

Official Source

Status

Introduced

2/23/2015

Primary Sponsor

James Tedisco

Click for details

Origin

Assembly

2015-2016 General Assembly

AI Summary

  • Repeals Article 26 of the Tax Law, which imposed New York State's estate tax on taxable estates
  • Amends Section 1825 of the Tax Law to remove reference to secrecy provisions related to estate tax (subsection (a) of section 994)
  • Modifies Section 11-1712 of New York City Administrative Code to adjust gain or loss calculations for property inherited from decedents whose estates did not require federal estate tax returns
  • Takes effect immediately upon enactment

Legislative Description

Repeals article 26 of the tax law known as the estate tax.

Last Action

held for consideration in ways and means

6/14/2016

Committee Referrals

Ways and Means2/23/2015

Full Bill Text

No bill text available