Bill Text: NY S02311 | 2023-2024 | General Assembly | Introduced

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Bill Title: Increases the fines imposed on a corporation for an offense defined within the penal law.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Engrossed) 2024-05-29 - referred to codes [S02311 Detail]

Download: New_York-2023-S02311-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          2311

                               2023-2024 Regular Sessions

                    IN SENATE

                                    January 19, 2023
                                       ___________

        Introduced  by  Sen.  MYRIE  -- read twice and ordered printed, and when
          printed to be committed to the Committee on Codes

        AN ACT to amend the penal law, in relation to fines for corporations

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section 1. Subdivision 1 of section 80.10 of the penal law, as amended
     2  by  section 28 of subpart A of part H of chapter 55 of the laws of 2014,
     3  is amended to read as follows:
     4    1. In general. A sentence to pay a fine, when imposed on a corporation
     5  for an offense defined in this chapter or for an offense defined outside
     6  this chapter for which no special corporate fine is specified, shall  be
     7  a sentence to pay an amount, fixed by the court, not exceeding:
     8    (a) [Ten] Eighty thousand dollars, when the conviction is of a felony;
     9    (b) [Five] Forty thousand dollars, when the conviction is of a class A
    10  misdemeanor or of an unclassified misdemeanor for which a term of impri-
    11  sonment in excess of three months is authorized;
    12    (c)  [Two] Fifteen thousand dollars, when the conviction is of a class
    13  B misdemeanor or of an unclassified misdemeanor for which the authorized
    14  term of imprisonment is not in excess of three months;
    15    (d) [Five hundred] Four thousand dollars, when the conviction is of  a
    16  violation;
    17    (e)  Any  higher  amount not exceeding double the amount of the corpo-
    18  ration's gain from the commission of the offense or, if the  corporation
    19  is  convicted  of  a crime defined in article four hundred ninety-six of
    20  this chapter, any higher amount not exceeding three times the amount  of
    21  the corporation's gain from the commission of such offense.
    22    § 2. This act shall take effect immediately.


         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD01304-01-3