New York A 5962: Relates to exempting from tax a portion of global intangible low-taxed income

Bill Text

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A05962 Summary:

BILL NOA05962 

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SAME ASNo Same As

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SPONSORCarroll R

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COSPNSR

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MLTSPNSR

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Add §1266-n, Pub Auth L

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Permits the governor to direct the metropolitan transportation authority to provide free transportation to students during a state of emergency.

Go to top A05962 Actions:

BILL NOA05962 

&nbsp

02/25/2025referred to corporations, authorities and commissions

01/07/2026referred to corporations, authorities and commissions

Go to topA05962 Committee&nbspVotes:

Go to topA05962 Floor&nbspVotes:

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

Go to topA05962 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 5962

 2025-2026 Regular Sessions

 IN ASSEMBLY

 February 25, 2025
 ___________

 Introduced by M. of A. R. CARROLL -- read once and referred to the
 Committee on Corporations, Authorities and Commissions

 AN ACT to amend the public authorities law, in relation to permitting
 the governor to direct the metropolitan transportation authority to
 provide free transportation to students during a state of emergency

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

 1 Section 1. The public authorities law is amended by adding a new
 2 section 1266-n to read as follows:
 3 § 1266-n. State of emergency; student fare. Notwithstanding any other
 4 provision of law to the contrary, the governor may, during a declared
 5 state of emergency, direct the authority to provide each student who
 6 attends kindergarten through twelfth grade in a city having a population
 7 of one million or more with a fare reduction equal to the pay-per-ride
 8 fare for any and all train and/or bus travel, including but not limited
 9 to standard bus service and express bus service, until the end of such
 10 state of emergency.
 11 § 2. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD07662-01-5

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