New York S 5278: Relates to establishing new fee rates for large estates

Bill Text

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S05278 Summary:

BILL NOS05278 

&nbsp

SAME ASNo Same As

&nbsp

SPONSORSEPULVEDA

&nbsp

COSPNSRPERSAUD, SALAZAR

&nbsp

MLTSPNSR

&nbsp

Amd §2402, SCPA

&nbsp

Relates to establishing new fee rates for large estates; raises the fee rate for estates with a value over $5,000,000 to $10,000.

Go to top S05278 Actions:

BILL NOS05278 

&nbsp

02/20/2025REFERRED TO JUDICIARY

04/07/20251ST REPORT CAL.636

04/08/20252ND REPORT CAL.

04/09/2025ADVANCED TO THIRD READING 

04/29/2025PASSED SENATE

04/29/2025DELIVERED TO ASSEMBLY

04/29/2025referred to judiciary

01/07/2026died in assembly

01/07/2026returned to senate

01/07/2026REFERRED TO JUDICIARY

02/04/2026REPORTED AND COMMITTED TO FINANCE

Go to topS05278 Committee&nbspVotes:

Go to topS05278 Floor&nbspVotes:

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

Go to topS05278 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 5278

 2025-2026 Regular Sessions

 IN SENATE

 February 20, 2025
 ___________

 Introduced by Sens. SEPULVEDA, PERSAUD, SALAZAR -- read twice and
 ordered printed, and when printed to be committed to the Committee on
 Judiciary

 AN ACT to amend the surrogate's court procedure act, in relation to
 establishing new fee rates for large estates

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

 1 Section 1. Subdivision 7 of section 2402 of the surrogate's court
 2 procedure act, as amended by section 30 of part J of chapter 62 of the
 3 laws of 2003, is amended to read as follows:
 4 7. The fee schedule for subdivision 1 through 7 inclusive is as
 5 follows:

 6 Value of Estate or Subject Matter Fee Rate
 7 Less than $10,000 ....................................... $ 45.00
 8 10,000 but under 20,000 ................................. 75.00
 9 20,000 but under 50,000 ................................. 215.00
 10 50,000 but under 100,000 ................................ 280.00
 11 100,000 but under 250,000 ............................... 420.00
 12 250,000 but under 500,000 ............................... 625.00
 13 500,000 [and over] but under 750,000 .................... 1,250.00
 14 750,000 but under 1,000,000 ............................. 1,875.00
 15 1,000,000 but under 2,000,000 ........................... 2,500.00
 16 2,000,000 but under 3,000,000 ........................... 5,000.00
 17 3,000,000 but under 5,000,000............................ 7,500.00
 18 5,000,000 and over ...................................... 10,000.00

 19 § 2. This act shall take effect on the thirtieth day after it shall
 20 have become a law and shall apply to actions and proceedings commenced
 21 on or after such effective date.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD09449-01-5

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