Increases the fines imposed on a corporation for an offense defined within the penal law, the official text

S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2551
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                             January 21, 2025
                                ___________
 
 Introduced  by  Sens.  MYRIE,  HOYLMAN-SIGAL  --  read twice and ordered
   printed, and when printed to be committed to the Committee on Codes
 
 AN ACT to amend the penal law, in relation to fines for corporations
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Subdivision 1 of section 80.10 of the penal law, as amended
 by  section 28 of subpart A of part H of chapter 55 of the laws of 2014,
 paragraphs (a) and (b) as amended by chapter 61 of the laws of 2023,  is
 amended to read as follows:
   1. In general. A sentence to pay a fine, when imposed on a corporation
 for an offense defined in this chapter or for an offense defined outside
 this  chapter for which no special corporate fine is specified, shall be
 a sentence to pay an amount, fixed by the court, not exceeding:
   (a) [Ten] EIGHTY thousand dollars, when the conviction is of a felony;
 provided, however, that when the conviction is pursuant to  subparagraph
 (iv)  of paragraph (c) of subdivision two of section 20.20 of this chap-
 ter, such fine shall be fixed by the court and shall  be  no  more  than
 five hundred thousand dollars;
   (b) [Five] FORTY thousand dollars, when the conviction is of a class A
 misdemeanor or of an unclassified misdemeanor for which a term of impri-
 sonment in excess of three months is authorized; provided, however, that
 when the conviction is pursuant to subparagraph (iv) of paragraph (c) of
 subdivision  two  of  section  20.20 of this chapter, such fine shall be
 fixed by the court and shall be no  more  than  three  hundred  thousand
 dollars;
   (c)  [Two] FIFTEEN thousand dollars, when the conviction is of a class
 B misdemeanor or of an unclassified misdemeanor for which the authorized
 term of imprisonment is not in excess of three months;
   (d) [Five hundred] FOUR THOUSAND dollars, when the conviction is of  a
 violation;

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD04971-01-5
 S. 2551                             2
 
   (e) Any higher amount not exceeding [double] THREE TIMES the amount of
 the  corporation's  gain  from  the commission of the offense or, if the
 corporation is convicted of a crime  defined  in  article  four  hundred
 ninety-six  of this chapter, any higher amount not exceeding three times
 the  amount  of  the  corporation's  gain  from  the  commission of such
 offense.
   § 2. This act shall take effect immediately.