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NY S08872
Bill
Status
8/3/2020
Primary Sponsor
Brad Hoylman-Sigal
Click for details
AI Summary
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Creates new liability for any person who makes, uses, or causes to be made a false record or statement material to their own tax obligation or the tax obligation of an entity they control to the state or local government.
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Establishes liability for any person who conceals, improperly avoids, or decreases their own tax obligation or the tax obligation of a controlled entity, making them liable for damages including consequential damages and interest owed under tax law.
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Applies to claims only when the person's net income or sales equals or exceeds one million dollars for any taxable year subject to the action, damages exceed $350,000, and the person violated specific paragraphs of the false claims statute.
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Does not require proof of specific intent to defraud, but excludes acts occurring by mistake or mere negligence from coverage.
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Takes effect immediately and applies to all false claims, records, statements, and obligations concealed, avoided, or decreased on, prior to, 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 RULES
8/3/2020