A 5743 New York Assembly · 2025 Regular Session

Imposes a tax on out-of-state transfers, dividends, payments, and loans by certain accident and health insurance companies and health maintenance organizations

Summary

Imposes a tax on out-of-state transfers, dividends, payments, and loans by certain accident and health insurance companies and health maintenance organizations to be deposited in the New York state agency trust fund, distressed provider assistance account.

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2025

Committee Review

Floor Vote

Governor

Introduced Feb 20, 2025 Last action Mar 31, 2026

Maddy AI version diff · 1 comparison

What changed between versions

A5743 → A5743A · 2 edits

MINOR

The bill was amended to add multiple sponsors and update its status in the legislative process. The most significant substantive change is the effective date of the new tax on insurance company transfers, which was shifted from April 1, 2025, to April 1, 2026, delaying when the tax begins to be collected.

Scope change

The bill's scope regarding the tax liability remains the same, but the applicability of the tax is delayed by one year.

TIMELINE

The effective date for the tax on out-of-state transfers by insurance companies was changed from April 1, 2025, to April 1, 2026.

TECHNICAL

The bill text was updated to reflect that it was re-referred to the Committee on Insurance after being amended, and additional Assembly members were added to the list of sponsors.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Mar 31, 2026

Lower · Passed

PRINT NUMBER 5743A

lower

Mar 31, 2026

Lower · Passed

AMEND AND RECOMMIT TO INSURANCE

lower

Jan 7, 2026

Committee

REFERRED TO INSURANCE

lower

Feb 20, 2025

Committee

REFERRED TO INSURANCE

lower

1 primary · 11 co-sponsors