Establishes the crime of misappropriation of payroll funds in New York.

New York S04188 amends the penal law by adding a new section 165.80, which establishes the crime of misappropriation of payroll funds. This crime occurs when a person knows that funds are designated for use as employee payroll funds or as payment of payroll taxes, and intentionally prevents the funds from being used for their designated purpose. The bill specifies that actions taken in accordance with an agreement between a payroll processing company and an employer for investigating potentially fraudulent or incorrect transactions do not constitute misappropriation.

Establishes the crime of misappropriation of payroll funds in New York.

New York S04188 amends the penal law by adding a new section 165.80, which establishes the crime of misappropriation of payroll funds. This crime occurs when a person knows that funds are designated for use as employee payroll funds or as payment of payroll taxes, and intentionally prevents the funds from being used for their designated purpose. The bill specifies that actions taken in accordance with an agreement between a payroll processing company and an employer for investigating potentially fraudulent or incorrect transactions do not constitute misappropriation.