New York legislation · 2025-2026 General Assembly
New York A3715: 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
Status: In committee, January 30, 2026
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.
What the bill says
From the introduced text, January 30, 2025:
STATEOFNEWYORK ________________________________________________________________________ 2025-2026 Regular Sessions INASSEMBLY January 30, 2025 ___________ Introduced by M. of A. MITAYNES, KIM, MAMDANI, GALLAGHER, FORREST, REYES, SEAWRIGHT -- read once and referred to the Committee on Ways and Means CONCURRENT RESOLUTION OF THE SENATE AND ASSEMBLY repealing section 3 of article 16 of the constitution, 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 Section 1. Resolved (if the Senate concur), That section 3 of article 16 of the constitution is REPEALED. § 2. Resolved (if the Senate concur), That the foregoing amendments be referred to the first regular legislative session convening after the next succeeding general election of members of the assembly, and, in conformity with section 1 of article 19 of the constitution, be published for 3 months previous to the time of such election. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD89070-01-5
Sponsors
- Marcela Mitaynes (D, 51) · primary sponsor
- Ron Kim (D, 40)
- Zohran Mamdani (D, 36)
- Emily Gallagher (D, 50)
- Forrest, Phara Souffrant (I, 57)
- Karines Reyes (D, 87)
- Rebecca Seawright (D, 76)
Latest actions
- : OPINION REFERRED TO JUDICIARY
- : TO ATTORNEY-GENERAL FOR OPINION
- : REFERRED TO WAYS AND MEANS
- : OPINION REFERRED TO JUDICIARY
- : TO ATTORNEY-GENERAL FOR OPINION
- : REFERRED TO WAYS AND MEANS
Subjects: Constitution, Concurrent Resolutions to Amend
Common questions
- What is A3715?
- A3715 is a bill in the New York Legislature (2025-2026 General Assembly): 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.
- What does A3715 do?
- 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.
- What is the status of A3715?
- In committee as of January 30, 2026. Latest action: OPINION REFERRED TO JUDICIARY (January 30, 2026).
- Who sponsored A3715?
- Marcela Mitaynes (D, 51), with 6 co-sponsors.
- Where is the official record for A3715?
- On the New York Legislature website: https://www.nysenate.gov/legislation/bills/2025/A3715
Source: official New York record. Tracked by Delilah, AI for legislation across all 50 states and Congress.