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---
type: "Bill"
title: "Provides that adjustments made by a trustee, under the prudent investor act, shall be deemed to be re-characterizations for the purposes of the payment of commissions"
description: "Provides that adjustments made by a trustee, under the prudent investor act, shall be deemed to be re-characterizations for the purposes of the payment of commissions."
jurisdiction: "us/states/ny"
legislature: "New York Legislature"
session: "2017-2018"
identifier: "A 1482"
citation: "New York A 1482 (2017-2018)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["WEINSTEIN"]
version_count: 2
action_count: 14
vote_count: 2
first_action: "2017-01-12"
last_action: "2017-09-12"
source: "openstates"
source_identifier: "ocd-bill/1b13048f-32d6-4ab5-a3df-8d69561454ea"
source_url: "http://www.nysenate.gov/legislation/bills/2017/A1482"
source_hash: "eb62a583346643f8f22caceb4cd00cd7223dc5be1f93066b46c0447bbf47302c"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ny"]
---
# New York A 1482 (2017-2018) — Provides that adjustments made by a trustee, under the prudent investor act, shall be deemed to be re-characterizations for the purposes of the payment of commissions
Provides that adjustments made by a trustee, under the prudent investor act, shall be deemed to be re-characterizations for the purposes of the payment of commissions.
## Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
1. **A1482 HTML** (committee substitute) — [source](http://assembly.state.ny.us/leg/?sh=printbill&bn=A1482&term=2017&Text=Y)
2. **A1482 PDF** (committee substitute) — [source](http://legislation.nysenate.gov/pdf/bills/2017/A1482)
## Votes
- Floor Vote — **630** (pass) · upper
- Assembly Vote — **1460** (pass) · lower
## Sponsors
- WEINSTEIN — primary (person)
- COLTON — cosponsor (person)
- DINOWITZ — cosponsor (person)
## Timeline
The legislative action history — every referral, reading, and vote.
- **2017-01-12** REFERRED TO JUDICIARY `referral-committee`
- **2017-01-23** REPORTED REFERRED TO RULES `referral-committee`
- **2017-01-23** REPORTED
- **2017-01-23** RULES REPORT CAL.14
- **2017-01-23** ORDERED TO THIRD READING RULES CAL.14
- **2017-01-24** PASSED ASSEMBLY `passage`
- **2017-01-24** DELIVERED TO SENATE
- **2017-01-24** REFERRED TO JUDICIARY `referral-committee`
- **2017-06-20** SUBSTITUTED FOR S2079
- **2017-06-20** 3RD READING CAL.426
- **2017-06-20** PASSED SENATE `passage`
- **2017-06-20** RETURNED TO ASSEMBLY
- **2017-08-31** DELIVERED TO GOVERNOR `executive-receipt`
- **2017-09-12** SIGNED CHAP.278 `executive-signature`
## Source
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/1b13048f-32d6-4ab5-a3df-8d69561454ea`. Confidence: reported (aggregated from official New York legislature records).