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NY A11066
Bill
Status
10/7/2020
Primary Sponsor
Helene Weinstein
Click for details
AI Summary
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Adds new subdivision 1-a to State Finance Law Section 189 establishing liability for persons who make, use, or cause false records or statements related to tax obligations to the state or local government, or tax obligations of entities they control.
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Creates liability for consequential damages (including interest owed under tax law) sustained by the state or local government due to concealment, improper avoidance, or decrease of tax payment obligations.
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Modifies the definition to clarify that acts occurring by mistake or mere negligence are not covered, while requiring no proof of specific intent to defraud.
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Applies the liability provisions to claims where the defendant's net income or sales equal or exceed $1 million in any taxable year, damages pleaded exceed $350,000, and violations of specified tax law paragraphs are alleged.
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Takes effect immediately and applies retroactively to all false claims, records, statements, and concealed or avoided tax obligations on or after the effective date.
Legislative Description
Relates to the liability of a person who makes or uses a false record or statement material to an obligation to pay money to the state or a local government under the tax law, or who conceals or improperly avoids or decreases an obligation to pay money to the state or a local government under the tax law.
Last Action
referred to ways and means
10/7/2020