Skip to content
A40021Assembly2009-2010 SessionSame asS66021

Authorizes commissioner of taxation and finance to administer accounts receivable discount program with respect to certain overdue tax liabilities

Sponsor Budget billAffects Finance
Status
Signed by Governor
Impact
Pending
Outcome
Signed into law

Bill progress

Signed into law

What's happening

Writing a plain-English summary… Track this bill to get it by email.

Why it matters

The daily · weekday mornings

Albany, before your first meeting.

Every bill that moved yesterday, summarized in a sentence and ranked by impact. The Albany Scorecard follows on Sundays.

Free. Unsubscribe in one click. Want alerts on specific bills? Create an account.

Who cares

Headline styles

Sponsors

Primary sponsor
Budget bill (submitted by the Governor)

No co-sponsors yet.

History

  1. Signed chap.501
  2. Delivered to governor
  3. Returned to assembly
  4. Passed senateVote 62–0
  5. Message of necessity - 3 day message
  6. 3rd reading cal.11
  7. Substituted for S66021
  8. Referred to finance
  9. Delivered to senate
  10. Passed assembly
  11. Message of necessity - 3 day message
  12. Ordered to third reading rules cal.689
Show 4 earlier actions
  1. Rules report cal.689
  2. Reported
  3. Reported referred to rules
  4. Referred to ways and means

Companion bill

The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.

S66021Senate

Authorizes commissioner of taxation and finance to administer accounts receivable discount program with repsect to certain overdue tax liabilities

Senate Floor Calendar

Full text

The text isn't available here yet. Check nysenate.gov.

Sponsor's memo

BILL NUMBER:A40021

Title of bill

An act authorizing the commissioner of taxation and finance to administer an accounts receivable discount program with respect to certain overdue tax liabilities

Summary: This bill would authorize the Department of Taxation and Finance to create an "Accounts Receivable Discount Program" to waive certain interest and penalties on existing Final Determinations.

Final Determinations issued between January 1, 2004 and December 31, 2006 would be eligible for a 50 percent reduction in accrued interest and penalties. Final Determinations issued before January 1, 2004 would be eligible for an 80 percent reduction in accrued interest and penal- ties.

Fiscal Impact: $250 million in additional State revenues in SFY 2009- 10, $84 million for local governments. $100 million in additional State revenues annually thereafter.

Effective Date: Effective immediately.

Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.