Increases the fines imposed on a corporation for an offense defined within the penal law

This bill increases the maximum fines that corporations can be ordered to pay for committing crimes under New York State law. It directly affects businesses and other corporate entities that are convicted of felonies, misdemeanors, or violations. Under the new rules, the highest fine for a felony offense rises to $80,000, while fines for misdemeanors and violations are also raised to $40,000 and $15,000 respectively. Additionally, the bill allows courts to impose fines up to double the amount of money a corporation gained from the crime, or triple that amount for specific offenses. These changes take effect immediately upon passage.