New York S 3047: Repeals section 3 of article 16 relating to the taxation of moneys, credits, securities and other intangible personal property in the state that is not employed in carrying on any business therein

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 Speaker Carl E. Heastie

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S03047 Summary:

BILL NOS03047 

&nbsp

SAME ASSAME AS A03715

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SPONSORBRISPORT

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COSPNSRJACKSON, SALAZAR

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MLTSPNSR

&nbsp

Rpld Art 16 §3, Constn

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Relates to the taxation of moneys, credits, securities and other intangible personal property in the state that is not employed in carrying on any business therein.

Go to top S03047 Actions:

BILL NOS03047 

&nbsp

01/23/2025REFERRED TO JUDICIARY

01/23/2025TO ATTORNEY-GENERAL FOR OPINION

02/05/2025OPINION REFERRED TO JUDICIARY

01/07/2026REFERRED TO JUDICIARY

01/08/2026TO ATTORNEY-GENERAL FOR OPINION

02/03/2026OPINION REFERRED TO JUDICIARY

Go to topS03047 Committee&nbspVotes:

Go to topS03047 Floor&nbspVotes:

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

Go to topS03047 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 3047

 2025-2026 Regular Sessions

 IN SENATE

 January 23, 2025
 ___________

 Introduced by Sens. BRISPORT, JACKSON, SALAZAR -- read twice and ordered
 printed, and when printed to be committed to the Committee on Judici-
 ary

 CONCURRENT RESOLUTION OF THE SENATE AND ASSEMBLY

 repealing section 3 of article 16 of the constitution, relating to the
 taxation of moneys, credits, securities and other intangible personal
 property in the state that is not employed in carrying on any business
 therein

 1 Section 1. Resolved (if the Assembly concur), That section 3 of arti-
 2 cle 16 of the constitution is REPEALED.
 3 § 2. Resolved (if the Assembly concur), That the foregoing amendments
 4 be referred to the first regular legislative session convening after the
 5 next succeeding general election of members of the assembly, and, in
 6 conformity with section 1 of article 19 of the constitution, be
 7 published for 3 months previous to the time of such election.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD89070-01-5

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