summary
Introduced
01/12/2021
01/12/2021
In Committee
01/05/2022
01/05/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
2021-2022 General Assembly
Bill Summary
AN ACT to amend the tax law and 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
AI Summary
This bill repeals Article 26 of the New York State Tax Law, which relates to the estate tax. It also amends the New York City Administrative Code to remove references to the estate tax in the context of determining capital gains or losses on the sale of property acquired from a decedent. The bill aims to eliminate the estate tax in New York State and remove related provisions from the city's tax laws.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
REFERRED TO BUDGET AND REVENUE (on 01/05/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2021/S1516 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S01516&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S01516 |
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