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2016 New York Laws
TAX - Tax
Article 12 - (Tax) TAX ON TRANSFERS OF STOCK AND OTHER CORPORATE CERTIFICATES
270-B - Exemption of certain transfers to legatees and others.

NY Tax L § 270-B (2016) What's This?
  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.

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