New York S 4856: Provides for an additional franchise tax on certain life insurance policies

Bill Text

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S04856 Summary:

BILL NOS04856 

&nbsp

SAME ASSAME AS A02652

&nbsp

SPONSORSKOUFIS

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd §7-108, Gen Ob L

&nbsp

Extends the timeline for the return of security deposits for residential rental agreements from fourteen days to thirty days.

Go to top S04856 Actions:

BILL NOS04856 

&nbsp

02/13/2025REFERRED TO JUDICIARY

01/07/2026REFERRED TO JUDICIARY

Go to topS04856 Committee&nbspVotes:

Go to topS04856 Floor&nbspVotes:

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

Go to topS04856 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 4856

 2025-2026 Regular Sessions

 IN SENATE

 February 13, 2025
 ___________

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

 AN ACT to amend the general obligations law, in relation to extending
 the timeline for the return of security deposits for residential
 rental agreements from fourteen days to thirty days

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

 1 Section 1. Paragraph (e) of subdivision 1-a of section 7-108 of the
 2 general obligations law, as added by section 25 of part M of chapter 36
 3 of the laws of 2019, is amended to read as follows:
 4 (e) Within [fourteen] thirty days after the tenant has vacated the
 5 premises, the landlord shall provide the tenant with an itemized state-
 6 ment indicating the basis for the amount of the deposit retained, if
 7 any, and shall return any remaining portion of the deposit to the
 8 tenant. If a landlord fails to provide the tenant with the statement and
 9 deposit within [fourteen] thirty days, the landlord shall forfeit any
 10 right to retain any portion of the deposit.
 11 § 2. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD05457-01-5

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