Bill > A06257

This bill proposes to repeal Section 3 of Article 16 of the New York State Constitution, which 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. The bill also provides that the proposed amendment must be referred to the first regular legislative session convening after the next general election of members of the Assembly and published for 3 months prior to the election, in accordance with the requirements of the state constitution.