Maddy summaryThis bill imposes a new 0.5% tax on corporations when they repurchase their own issued shares (stock buybacks). It directly affects corporations that buy back shares, taxing the full value paid for those shares. The key provision replaces previous per-share tax rates with this flat 0.5% rate on the transaction value, effective immediately upon enactment. The tax applies to all buybacks made after June 1905 (as stated in the bill text), with no exemption for shares canceled within one year.
Sponsored bills
Maddy summaryThis bill repeals Section 2307 of New York's Public Health Law, which previously addressed individuals knowingly infected with venereal disease. The repeal removes legal provisions that could have led to prosecution of people with certain sexually transmitted infections (STIs) who were aware of their status. The law takes immediate effect, preventing any future prosecutions or legal actions under the repealed section. This change directly affects individuals previously covered by this specific public health law provision, though it does not alter other STI-related laws or public health practices.
Requires the New York State Office of Mental Health to study the effects that awareness of or exposure to police shootings or killings of unarmed African Americans has on the mental health of African Americans in New York state and to deliver a finding of the results of such study to the governor and the legislative leaders.
Requires certain candidates to file a statement attesting to the veracity of statements regarding the candidate's educational history, and service, employment and residency record; provides for the filing of amended statements; provides penalties.
Maddy summaryThis bill requires health insurance plans to reimburse providers for the full cost of administering recommended vaccines. It mandates coverage for both vaccine acquisition costs (using CDC private sector rates plus a 21% minimum for shipping/storage) and all administration expenses (including counseling, supplies, and routine nursing activities based on current Medicare rates). The law directly affects healthcare providers who administer vaccines, ensuring they are compensated for both the vaccine itself and the full process of delivery. It applies to all CDC-recommended vaccines for diseases like measles, polio, and hepatitis B, as determined by health authorities.
Directs the department of financial services to conduct a comprehensive study on how the department of financial services may create a compensation system commensurate with the compensation systems of similar federal financial regulators and to issue a report of its findings.
Maddy summaryThis bill bans facilities housing non-native big game mammals (like deer or elk) from allowing people to pay to hunt or spear these animals in enclosed areas where escape is impossible. It specifically prohibits activities such as shooting tied or confined animals in pens, cages, or fenced areas without escape routes, and prevents releasing confined animals while others shoot at them. The law defines "fee" broadly to include payments for lodging or meals at these facilities, not just direct hunting fees. This directly affects hunting facilities that operate enclosed areas with non-native animals, requiring them to modify their practices to allow escape routes for the animals.
Maddy summaryThis bill designates *Lactarius peckii* (a type of mushroom) as the official state fungus. It adds a new law section stating that *Lactarius peckii* shall be the official state fungus, effective immediately. The bill does not alter policies, taxes, or regulations; it is a symbolic designation for state identity. No specific groups or individuals are directly affected by this procedural change.
Maddy summaryBill A 4015 seeks to increase the financial penalties for certain speeding violations, directly affecting drivers convicted of these offenses. It raises the maximum fine for exceeding the speed limit by up to ten miles per hour, from $150 to $175. For drivers caught speeding more than thirty miles per hour over the limit, the maximum fine increases from $600 to $700. These revised penalties will apply to violations occurring on or after January 1, 2026.
Repeals certain provisions relating to use tax exemptions for certain race horses; prevents nonresident race horse owners from avoiding use tax in certain situations.