New York S 9721: Relates to ground lease contracts

Bill Text

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S09721 Summary:

BILL NOS09721 

&nbsp

SAME ASNo Same As

&nbsp

SPONSORCLEARE

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd §§188 & 189, St Fin L

&nbsp

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.

Go to top S09721 Actions:

BILL NOS09721 

&nbsp

04/02/2026REFERRED TO FINANCE

Go to topS09721 Committee&nbspVotes:

Go to topS09721 Floor&nbspVotes:

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

Go to topS09721 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 9721

 IN SENATE

 April 2, 2026
 ___________

 Introduced by Sen. CLEARE -- read twice and ordered printed, and when
 printed to be committed to the Committee on Finance

 AN ACT to amend the state finance law, in relation 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 obli-
 gation to pay money to the state or a local government under the tax
 law

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

 1 Section 1. Section 189 of the state finance law is amended by adding a
 2 new subdivision 1-a to read as follows:
 3 1-a. Any person who, in accordance with the criteria set forth in
 4 subdivision four of this section:
 5 (a) makes, uses, or causes to be made or used, a false record or
 6 statement material to their own obligation to pay money to the state or
 7 a local government under the tax law, or an obligation of a subsidiary,
 8 partnership, corporation or entity that they control; or
 9 (b) conceals or improperly avoids or decreases their own obligation to
 10 pay money to the state or a local government under the tax law, or an
 11 obligation of a subsidiary, partnership, corporation or entity that they
 12 control; shall be liable for damages, including consequential damages,
 13 which the state or local government sustains because of the act of that
 14 person. For purposes of this section, consequential damages includes
 15 interest owed pursuant to the tax law.
 16 § 2. Paragraph (b) of subdivision 3 of section 188 of the state
 17 finance law, as amended by chapter 379 of the laws of 2010, is amended
 18 to read as follows:
 19 (b) require no proof of specific intent to defraud, provided, however
 20 that acts occurring by mistake or as a result of mere negligence are not
 21 covered by this [article] definition.
 22 § 3. This act shall take effect immediately and shall apply to all
 23 false claims, records, statements and obligations concealed, avoided or
 24 decreased on, prior to, or after such effective date.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD03215-01-5

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