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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 Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

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.

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

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.

Sponsors

Sponsors by party (alphabetical): Democratic/Working Families 3

NameRolePartyChamberDistrict
Jabari BrisportPrimary sponsorDemocratic/Working FamiliesSenate25
Robert JacksonCo-sponsorDemocratic/Working FamiliesSenate31
Julia SalazarCo-sponsorDemocratic/Working FamiliesSenate18

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. OPINION REFERRED TO JUDICIARY
  2. TO ATTORNEY-GENERAL FOR OPINION
  3. REFERRED TO JUDICIARY
  4. OPINION REFERRED TO JUDICIARY
  5. TO ATTORNEY-GENERAL FOR OPINION
  6. REFERRED TO JUDICIARY

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source