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Who cares
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Sponsors
No co-sponsors yet.
History
- Referred to investigations and government operations
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 the payment of interest on overpayments
Purpose
This legislation would require that individuals who are due to receive a tax refund receive such refund within 30 days of the day taxed are due.
Summary of provisions
Section 1 requires individuals who are due to receive a tax refund receive such refund within 30 days of the day taxed are due.
Justification
Many states have taken the move towards withholding refunds which rightfully belong to taxpayers. While the State demands that we pay our taxes on a certain date and can take punitive measures towards individuals who do not pay on time, many states feel that they do not owe this same timeless to those individuals who are due refunds. This legislation gives equal rights to individuals who are due tax refunds by demanding that the State refund such money within 30 days of tax day.
Legislative history
New Bill.
Fiscal impact on the state
None.
Effective date
This act shall take effect immediately and shall apply to taxable years commencing on and after January 1, 2009.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.