New York A 3715: 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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A03715 Summary:

BILL NOA03715 

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SAME ASSAME AS S03047

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SPONSORMitaynes

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COSPNSRKim, Mamdani, Gallagher, Forrest, Reyes, Seawright

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MLTSPNSR

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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 A03715 Actions:

BILL NOA03715 

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01/30/2025referred to ways and means

01/31/2025to attorney-general for opinion

02/07/2025opinion referred to judiciary

01/07/2026referred to ways and means

01/08/2026to attorney-general for opinion

01/30/2026opinion referred to judiciary

Go to topA03715 Committee&nbspVotes:

Go to topA03715 Floor&nbspVotes:

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

Go to topA03715 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 3715

 2025-2026 Regular Sessions

 IN ASSEMBLY

 January 30, 2025
 ___________

 Introduced by M. of A. MITAYNES, KIM, MAMDANI, GALLAGHER, FORREST,
 REYES, SEAWRIGHT -- read once and referred to the Committee on Ways
 and Means

 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 Senate concur), That section 3 of article
 2 16 of the constitution is REPEALED.
 3 § 2. Resolved (if the Senate concur), That the foregoing amendments be
 4 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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