Bill Text: NY S05508 | 2019-2020 | General Assembly | Amended
Bill Title: Prohibits compensation for service of auditing relating to any tax, interest or penalty on a contingent basis.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2020-01-08 - REFERRED TO LOCAL GOVERNMENT [S05508 Detail]
Download: New_York-2019-S05508-Amended.html
STATE OF NEW YORK ________________________________________________________________________ 5508--A 2019-2020 Regular Sessions IN SENATE May 3, 2019 ___________ Introduced by Sen. METZGER -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the general municipal law, in relation to prohibiting compensation for service of auditing relating to any tax on a contin- gency basis The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The general municipal law is amended by adding a new 2 section 39-a to read as follows: 3 § 39-a. Prohibition on contingent compensation. Notwithstanding any 4 inconsistent provision of law, a municipal corporation shall not compen- 5 sate any person or entity for the service of auditing a return or report 6 filed pursuant to, or in compliance with, any law in whole or in part on 7 a contingent fee basis or on any other basis related to the amount of 8 tax, interest, or penalty assessed against or collected. 9 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD11126-03-9
