New York · 2025 Regular Session · Bill

S 3047: Repeals section 3 of article 16 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

In committee Last action February 3, 2026: OPINION REFERRED TO JUDICIARY

Plain-language summary

S 3047 is a bill introduced in the New York Senate on January 23, 2025. According to its official title, it concerns: Repeals section 3 of article 16 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. Primary sponsor: Jabari Brisport (Democratic/Working Families). It lists 2 additional sponsors. Most recent recorded action (February 3, 2026): OPINION REFERRED TO JUDICIARY.

Sponsors

Primary sponsor: Jabari Brisport (Democratic/Working Families). 2 co-sponsors.