Dutchess County Council Page

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Dutchess County Council
149 Union St
Poughkeepsie,
NY 12601-3044

-- Friday, December 19, 2008 Dutchess County Council reviews

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Olufemi reviewed on Dutchess County Council

business listing rating Jim Doxsey Writes new Resolution being submitted at the NYSAC Conference in Lake Placid Sept. 25, 2011:It reads: A Repeal of the 1979 Amendment to the New York State Stock Transfer Tax of 1905: Whereas, New York State ielmpmented the 1905 New York State Stock Transfer Tax to provide needed revenues to New York State and Whereas, the intention of the 1905 Stock Transfer Tax was to give the New York State Economy and New York State Residents much needed revenue for maintenance and growth of New York State , andWhereas, The New York State Stock Transfer Tax is $.05 per share on each and every transfer and is paid by the investor, andWhereas since 1979 New York State rebates the tax, not to the taxpayer, but to the Wall Street brokers and speculators, and Whereas, the time has come to restore necessary lost revenues to New York State as the 1905 Stock Transfer Tax was originally intended for, andWhereas, a repeal of the 1979 Rebate of the New York State Stock Transfer Tax should be placed into immediate effect to maintain all revenues for the maintenance and growth of New York State ,and therefore, Be it Resolved, that the New York State Stock Transfer Tax Rebate be immediately Repealed and cease to exist, and therefore,Be it finally resolved, that New York State collect and utilize all revenues from the 1905 Stock Transfer Tax for the maintenance and growth of New York State. posted on Sunday, August 26, 2012


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