New York Tax Law (Consolidated Laws)
N.Y. Tax Law § 270-B
Exemption of certain transfers to legatees and others
Official textnysenate.govlast amended
§ 270-b. Exemption of certain transfers to legatees and others. The tax imposed by sections two hundred seventy and two hundred seventy-a of this chapter shall not be imposed upon any deliveries or transfers by an executor or administrator to a legatee, heir or distributee of shares or certificates of stock if it is shown to the satisfaction of the tax commission that the value of such shares or certificates is not greater than the amount of the tax that would otherwise be imposed on such delivery or transfer.
Source: view the official text
In this article (22 sections)
- 270 · Amount of tax
- 270-B · Exemption of certain transfers to legatees and others
- 270-C · Transfers by operation of law; special exemptions
- 270-D · Tax surcharge
- 270-E · Maximum amounts of tax
- 271 · Stamps, how prepared and sold
- 271-A · Sale of stamps
- 272 · Penalty for failure to pay tax; liability for tax of agent or…
- 273 · Canceling stamps; penalty for failure
- 274 · Contracts for dies; expenses, how paid
- 275 · Illegal use of stamps; penalty
- 275-A · Registration; penalty for failure
- 276 · Power of tax commission
- 277 · Penalties; how recovered
- 278 · Effect of failure to pay tax
- 279 · Application of taxes
- 279-A · Determination of tax
- 279-B · Warrant for the collection of taxes
- 280 · Refund of tax erroneously paid
- 280-A · Rebate for stock transfer tax paid; penalty for false claims
- 281 · Statute of limitations not applicable
- 281-A · Alternative method of collection