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History
- Reported and committed to finance
- Notice of petition - requested
- Referred to investigations and government operations
- Referred to investigations and government operations
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.
Requires the commissioner of taxation and finance to provide for the payment of refunds within 30 days of the receipt of a tax return
In Assembly Committee · Ways And Means · Sponsor Richard Brodsky
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the tax law, in relation to requiring the commissioner of taxation and finance to provide for the timely payment of tax refunds to taxpayers
Purpose
To require that Department of Taxation and Finance to provide for the payment of refunds within 30 days of the receipt of a tax return.
Summary of provisions
Section one adds a new subdivision 29 requiring the Department of Taxation and Finance to pay every taxpayer's refund within thirty days upon receipt by the Department. If the Department is unable to pay a tax refund because of a discrepancy in the taxpayers return, the Department shall provide written notice to the taxpayer of the discrepancy and when it can be expected to be resolved. Upon the failure to provide a refund or written notice, the department shall pay the taxpayer interest on the refund owed at a rate of six percent per annum.
Justification
As the April 15 deadline approaches for filing tax returns with the State of New York, taxpayers who overpaid their state taxes should receive their refund in a timely fashion. There have been instances that the State has been withholding refunds which rightfully belong to taxpayers. Although many New Yorkers have in fact received their tax refunds in a timely fashion by the Department, all New Yorkers who are owed a refund are entitled to it in a reasonable time frame. This legislation would require the State to act immediately to put this hard earned money back in the pockets of hard working New York taxpayers.
Legislative history
2006: S.3652/A.6954 - referred to investigations/referred to ways and means. 2007: S.3658/A.7986 - referred to investigations/referred to ways and means. 2008: S.3658/ A.7986 - referred to investigations/referred to ways and means.
Fiscal implications
None.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.