Bill Text: NY A03715 | 2025-2026 | General Assembly | Introduced
Bill Title: 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.
Spectrum: Partisan Bill (Democrat 7-0)
Status: (Introduced) 2025-02-07 - opinion referred to judiciary [A03715 Detail]
Download: New_York-2025-A03715-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 3715 2025-2026 Regular Sessions IN ASSEMBLY January 30, 2025 ___________ Introduced by M. of A. MITAYNES, KIM, MAMDANI, GALLAGHER, FORREST, REYES, SEAWRIGHT -- read once and referred to the Committee on Ways and Means CONCURRENT RESOLUTION OF THE SENATE AND ASSEMBLY repealing section 3 of article 16 of the constitution, relating 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 1 Section 1. Resolved (if the Senate concur), That section 3 of article 2 16 of the constitution is REPEALED. 3 § 2. Resolved (if the Senate concur), That the foregoing amendments be 4 referred to the first regular legislative session convening after the 5 next succeeding general election of members of the assembly, and, in 6 conformity with section 1 of article 19 of the constitution, be 7 published for 3 months previous to the time of such election. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD89070-01-5
