Bill Text: NY S04952 | 2019-2020 | General Assembly | Introduced

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Bill Title: Relates to establishing new fee rates for large estates; raises the fee rate for estates with a value over $5,000,000 to $10,000.

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Introduced - Dead) 2020-01-08 - REFERRED TO JUDICIARY [S04952 Detail]

Download: New_York-2019-S04952-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          4952
                               2019-2020 Regular Sessions
                    IN SENATE
                                      April 2, 2019
                                       ___________
        Introduced by Sen. SEPULVEDA -- read twice and ordered printed, and when
          printed to be committed to the Committee on Judiciary
        AN  ACT  to  amend  the  surrogate's court procedure act, in relation to
          establishing new fee rates for large estates
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1.  Subdivision  7  of  section 2402 of the surrogate's court
     2  procedure act, as amended by section 30 of part J of chapter 62  of  the
     3  laws of 2003, is amended to read as follows:
     4    7.  The  fee  schedule  for  subdivision  1  through 7 inclusive is as
     5  follows:
     6  Value of Estate or Subject Matter                               Fee Rate
     7       Less than $10,000 ....................................... $   45.00
     8       10,000 but under 20,000 .................................     75.00
     9       20,000 but under 50,000 .................................    215.00
    10       50,000 but under 100,000 ................................    280.00
    11       100,000 but under 250,000 ...............................    420.00
    12       250,000 but under 500,000 ...............................    625.00
    13       500,000 [and over] but under 750,000 ....................  1,250.00
    14       750,000 but under 1,000,000 .............................  3,000.00
    15       1,000,000 but under 2,000,000 ...........................  5,000.00
    16       2,000,000 but under 5,000,000 ...........................  7,500.00
    17       5,000,000 and over ...................................... 10,000.00
    18    § 2. This act shall take effect on the thirtieth day  after  it  shall
    19  have  become  a law and shall apply to actions and proceedings commenced
    20  on or after such effective date.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD10033-01-9