summary
Introduced
01/22/2021
01/22/2021
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 is the estate tax. The bill also amends the New York City Administrative Code to remove references to the estate tax, specifically in relation to the valuation of property acquired from a decedent's estate. The purpose of this bill is to eliminate the estate tax in New York State, which is a tax imposed on the transfer of a deceased person's property to their heirs or beneficiaries.
Committee Categories
Budget and Finance
Sponsors (14)
Joe Angelino (R)*,
Marjorie Byrnes (R)*,
Jeff Gallahan (R)*,
Brian Manktelow (R)*,
Mary Beth Walsh (R)*,
Jake Ashby (R),
Will Barclay (R),
Ken Blankenbush (R),
Karl Brabenec (R),
Steve Hawley (R),
Mike Lawler (R),
Angelo Morinello (R),
John Salka (R),
Chris Tague (R),
Last Action
referred to ways and means (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/A3026 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A03026&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A03026 |
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