Repeals a constitutional provision regarding the taxation of intangible personal property in New York.

This bill repeals section 3 of article 16 of the New York State Constitution, which pertains to the taxation of moneys, credits, securities, and other intangible personal property not used in business operations within the state. The repeal will be referred to the next regular legislative session after the next general election and published for three months before the election.

Repeals a constitutional provision regarding the taxation of intangible personal property in New York.

This bill repeals section 3 of article 16 of the New York State Constitution, which pertains to the taxation of moneys, credits, securities, and other intangible personal property not used in business operations within the state. The repeal will be referred to the next regular legislative session after the next general election and published for three months before the election.