New York S09721 amends the state finance law to establish liability for individuals who create false records or statements affecting tax obligations.

New York S09721 amends the state finance law by adding a new subdivision that holds individuals liable for damages, including interest, if they create or use false records or statements that affect their tax obligations to the state or local governments. This applies to both intentional acts and those that occur due to negligence. The amendment also removes the requirement for specific intent to defraud in such cases, broadening the scope of liability.

New York S09721 amends the state finance law to establish liability for individuals who create false records or statements affecting tax obligations.

New York S09721 amends the state finance law by adding a new subdivision that holds individuals liable for damages, including interest, if they create or use false records or statements that affect their tax obligations to the state or local governments. This applies to both intentional acts and those that occur due to negligence. The amendment also removes the requirement for specific intent to defraud in such cases, broadening the scope of liability.