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NY S04188
Bill
Status
3/4/2025
Primary Sponsor
Leroy Comrie
Click for details
AI Summary
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Creates a new crime of "misappropriation of payroll funds" under Penal Law § 165.80 for intentionally preventing funds designated for employee payroll or payroll taxes from being used for their intended purpose
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Classifies the offense as a class E felony, which carries a potential sentence of up to 4 years in prison
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Exempts delayed fund transfers made by payroll processing companies when investigating potentially fraudulent or incorrect transactions pursuant to an agreement with the employer
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Protects payroll processing companies from liability when employers fail to provide sufficient funds for payroll
Legislative Description
Establishes the crime of misappropriation of payroll funds when a person knows that funds are designated for use as employee payroll funds or as payment of payroll taxes, and intentionally prevents the funds from being used for their designated purpose.
Last Action
PRINT NUMBER 4188B
2/6/2026