summary
Introduced
01/25/2023
01/25/2023
In Committee
01/03/2024
01/03/2024
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
2023-2024 General Assembly
Bill Summary
AN ACT to amend 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 when determining the taxable gain or loss from the sale of property acquired from a decedent. The purpose of this bill is to eliminate the estate tax in New York State.
Committee Categories
Budget and Finance
Sponsors (12)
Joe Angelino (R)*,
Marjorie Byrnes (R)*,
Jeff Gallahan (R)*,
Brian Manktelow (R)*,
Mary Beth Walsh (R)*,
Will Barclay (R),
Ken Blankenbush (R),
Karl Brabenec (R),
Mike Fitzpatrick (R),
Steve Hawley (R),
Angelo Morinello (R),
Chris Tague (R),
Last Action
referred to ways and means (on 01/03/2024)
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/2023/A2332 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A02332&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A02332 |
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