New York A 498: Requires stores to publicly display their return and refund policies, including tracking of returns

Bill Text

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A00498 Summary:

BILL NOA00498 

&nbsp

SAME ASSAME AS S01135

&nbsp

SPONSORWalsh (MS)

&nbsp

COSPNSRHawley, Morinello, Barclay, Blankenbush, Brabenec, Fitzpatrick, Tague, Gandolfo

&nbsp

MLTSPNSRAngelino, Gallahan

&nbsp

Rpld Art 26, Tax L; amd §11-1712, NYC Ad Cd

&nbsp

Repeals the estate tax.

Go to top A00498 Actions:

BILL NOA00498 

&nbsp

01/08/2025referred to ways and means

01/07/2026referred to ways and means

Go to topA00498 Committee&nbspVotes:

Go to topA00498 Floor&nbspVotes:

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

Go to topA00498 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 498

 2025-2026 Regular Sessions

 IN ASSEMBLY

 (Prefiled)

 January 8, 2025
 ___________

 Introduced by M. of A. WALSH, HAWLEY, MORINELLO, BARCLAY, BLANKENBUSH,
 BRABENEC, FITZPATRICK, TAGUE -- Multi-Sponsored by -- M. of A. ANGELI-
 NO, GALLAHAN -- read once and referred to the Committee on Ways and
 Means

 AN ACT to amend the administrative code of the city of New York, in
 relation to taxable estates; and to repeal article 26 of the tax law
 relating thereto

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

 1 Section 1. Article 26 of the tax law is REPEALED.
 2 § 2. Subdivision (r) of section 11-1712 of the administrative code of
 3 the city of New York, as relettered by chapter 639 of the laws of 1986
 4 and such section as renumbered by chapter 639 of the laws of 1986, is
 5 amended to read as follows:
 6 (r) In the case of a sale or other disposition of property acquired
 7 from a decedent and valued by the executor of the estate of such dece-
 8 dent [for the purposes of the tax under article twenty-six of the tax
 9 law (i) pursuant to paragraph two of subsection (b) of section nine
 10 hundred fifty-four of the tax law, or (ii) pursuant to section nine
 11 hundred fifty-four-a of the tax law,] where such estate was insufficient
 12 to require the filing of a federal estate tax return, the amount neces-
 13 sary to properly reflect the gain or loss from such sale or other dispo-
 14 sition which would have been realized under this chapter, had[, in the
 15 case of clause (i) of this subdivision,] a federal estate tax return
 16 been filed similarly valuing such property pursuant to section two thou-
 17 sand thirty-two of the internal revenue code, or [in the case of clause
 18 (ii) of this subdivision,] pursuant to section two thousand thirty-two-A
 19 of such code.
 20 § 3. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD02788-01-5

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