ยง 270-b. Exemption of certain transfers to legatees and others. The
tax imposed by sections two hundred seventy and two hundred seventy-a of
this chapter shall not be imposed upon any deliveries or transfers by an
executor or administrator to a legatee, heir or distributee of shares or
certificates of stock if it is shown to the satisfaction of the tax
commission that the value of such shares or certificates is not greater
than the amount of the tax that would otherwise be imposed on such
delivery or transfer.
Structure New York Laws
Article 12 - Tax on Transfers of Stock and Other Corporate Certificates
270-B - Exemption of Certain Transfers to Legatees and Others.
270-C - Transfers by Operation of Law; Special Exemptions.
270-E - Maximum Amounts of Tax.
271 - Stamps, How Prepared and Sold.
272 - Penalty for Failure to Pay Tax; Liability for Tax of Agent or Broker.
273 - Canceling Stamps; Penalty for Failure.
274 - Contracts for Dies; Expenses, How Paid.
275 - Illegal Use of Stamps; Penalty.
275-A - Registration; Penalty for Failure.
276 - Power of Tax Commission.
277 - Penalties; How Recovered.
278 - Effect of Failure to Pay Tax.
279-B - Warrant for the Collection of Taxes.
280 - Refund of Tax Erroneously Paid.
280-A - Rebate for Stock Transfer Tax Paid; Penalty for False Claims.