New York S 8253: Exempts certain persons from section 7208 of the education law

Bill Text

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S08253 Summary:

BILL NOS08253 

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SAME ASNo Same As

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SPONSORBRISPORT

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COSPNSR

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MLTSPNSR

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Amd 1405, Ab Prop L

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Relates to interest on unclaimed child and spousal support payments by the owner of abandoned properties.

Go to top S08253 Actions:

BILL NOS08253 

&nbsp

05/27/2025REFERRED TO FINANCE

06/10/2025COMMITTEE DISCHARGED AND COMMITTED TO RULES

06/10/2025ORDERED TO THIRD READING CAL.1789

06/10/2025PASSED SENATE

06/10/2025DELIVERED TO ASSEMBLY

06/10/2025referred to ways and means

01/07/2026died in assembly

01/07/2026returned to senate

01/07/2026REFERRED TO FINANCE

06/04/2026COMMITTEE DISCHARGED AND COMMITTED TO RULES

06/04/2026ORDERED TO THIRD READING CAL.1728

06/04/2026PASSED SENATE

06/04/2026DELIVERED TO ASSEMBLY

06/04/2026referred to ways and means

Go to topS08253 Committee&nbspVotes:

Go to topS08253 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS08253 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 8253

 2025-2026 Regular Sessions

 IN SENATE

 May 27, 2025
 ___________

 Introduced by Sen. BRISPORT -- (at request of the State Comptroller) --
 read twice and ordered printed, and when printed to be committed to
 the Committee on Finance

 AN ACT to amend the abandoned property law, in relation to interest paid
 on unclaimed spousal and child support payments

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Paragraph (a) of subdivision 1 of section 1405 of the aban-
 2 doned property law, as amended by section 13 of part R of chapter 85 of
 3 the laws of 2002, is amended to read as follows:
 4 (a) Notwithstanding any other provision of law, no owner of abandoned
 5 property shall be entitled to receive interest on account of such aban-
 6 doned property from and after the date a payment of such abandoned prop-
 7 erty is hereafter made to the state comptroller pursuant to this chapter
 8 or any law relating to abandoned property, whether or not [he] such
 9 owner was entitled to interest on such property prior to such date,
 10 except that interest at the overpayment rate set by the commissioner of
 11 taxation and finance pursuant to subsection (j) of section six hundred
 12 ninety-seven of the tax law, less one percentage point, shall accrue to
 13 abandoned property hereafter paid to the state comptroller under the
 14 following provisions of this chapter, for the first five years such
 15 property is held by [him] the state comptroller:
 16 (i) paragraph (a) of subdivision one of section three hundred of this
 17 chapter; or
 18 (ii) subdivision one of section four hundred of this chapter; or
 19 (iii) paragraph (a) of subdivision one of section six hundred of this
 20 chapter; or
 21 (iv) subdivision one of section ten hundred of this chapter; or
 22 (v) section thirteen hundred eighteen of this chapter.
 23 § 2. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD06338-01-5

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