Increases fines for corporations convicted of offenses under New York's penal law.

New York Senate Bill S02551 amends the penal law to increase the fines imposed on corporations for various offenses. The fines are now set at $80,000 for felonies, $40,000 for misdemeanors with imprisonment over three months, $15,000 for misdemeanors with imprisonment not exceeding three months, and $4,000 for violations. The fines can be higher, up to three times the corporation's gain from the offense, or three times the gain if the offense is a crime under article four hundred ninety-six of the penal law. The bill takes effect immediately.

Increases fines for corporations convicted of offenses under New York's penal law.

New York Senate Bill S02551 amends the penal law to increase the fines imposed on corporations for various offenses. The fines are now set at $80,000 for felonies, $40,000 for misdemeanors with imprisonment over three months, $15,000 for misdemeanors with imprisonment not exceeding three months, and $4,000 for violations. The fines can be higher, up to three times the corporation's gain from the offense, or three times the gain if the offense is a crime under article four hundred ninety-six of the penal law. The bill takes effect immediately.