Maddy summaryThe bill imposes a tax on New York residents with $1 billion or more in net assets (total assets minus debts) by calculating gains as if their assets were sold at market value on December 31, 2024. Taxable gains apply only to the value exceeding $1 billion, capped at 25% of that excess. Taxpayers may pay the full amount or in ten annual installments with an annual deferral charge based on estimated borrowing rates. It covers assets owned directly, through trusts, or held by family members, including those donated within five years.
Asm. Karines Reyes
Sponsored bills
Provides for the designation by a general hospital of persons to identify infectious disease processes, conduct surveillance and epidemiologic investigations, and develop plans to prevent and control the transmission of infectious agents within general hospitals.
Maddy summaryThis bill (A 7370) designates March 8 as "Women's Day" in New York State, adding it to the official list of public holidays under the General Construction Law. It directly affects state employees and businesses that observe public holidays, requiring them to close or provide paid time off on March 8. The key provision amends Section 24 of the law to explicitly include "the eighth day of March, known as Women's day" alongside existing holidays like New Year's Day and Independence Day. The change would take effect immediately upon enactment.
Repeals the requirement that the senate vote to confirm the appointment of certain chief executive officers within a certain time period; amends certain provisions of law relating thereto.
Permits a school food authority to attribute moneys spent on purchases of food products from New York state farmers, growers, producers or processors made for its school breakfast program to the thirty percent of costs for school breakfast, snack and lunch service programs.
Provides that any person who has been injured by reason of any violation of any such rules, regulations or policies as the superintendent may promulgate may bring an action in such person's own name; assert a counterclaim; or, if an action is commenced by the mortgagee or anyone acting on its behalf, bring a third party claim, against either the mortgagee and/or the mortgage servicer to enjoin any violations thereof; authorizes damages; makes related provisions.
Provides that any one-way, round trip or multi-trip tickets purchased for use on the Long Island Rail Road or the Metro-North Commuter Railroad Company by a senior citizen or a person with a disability shall be valid at any time during the day or night.
Provides that limited permits to practice medicine may be renewed biennially; expands the types of facilities where permitees may practice; authorizes permits to be renewed at the discretion of the department of education; provides that such department shall not deny a limited permit based solely on the previous number of authorizations of such permits issued to the applicant.
Provides that certain communications made without malice regarding an incident of sexual assault, harassment or discrimination shall be deemed privileged; provides that a prevailing defendant in an action brought against such defendant for making a communication that is privileged shall be entitled to attorney's fees and costs for such defense.
Provides that for a substance use disorder outpatient treatment episode of care by a provider licensed, certified or otherwise authorized by the office of addiction services and supports, an insured shall only be responsible for a cost sharing fee not to exceed two hundred fifty dollars.