New York § 270-B - 270-BExemption of certain transfers to legatees and others
Full text of New York New York Consolidated Laws § 270-B — 270-BExemption of certain transfers to legatees and others, with citation guidance and answers to common questions.
§ 270-B. 270-BExemption of certain transfers to legatees and others
§ 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.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 270-B
What does New York Consolidated Laws § 270-B cover?
Section 270-B ("270-BExemption of certain transfers to legatees and others") is part of the New York Consolidated Laws, the codified statutory law of New York. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New York § 270-B?
A common citation format is "New York Consolidated Laws § 270-B" (New York). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New York law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New York official source linked on this page or consult a licensed New York attorney.
How does New York § 270-B apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New York can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New York.