Skip to content
A2203Assembly2017-2018 Session

Let People Offset State Debts

Official title

“Directs the commissioner of taxation and finance to establish a procedure whereby persons owing payment to the state may offset obligations of the state to them”

Sponsor Michael MontesanoAD-15+1 co-sponsorAffects Finance
Status
In Assembly Committee
Ways And Means
Impact
4/10
Low
Passage
0%

Bill progress

Step 2 of 7

In committee · Ways And Means

What's happening

This bill allows individuals or entities owed money by a New York state agency to offset that amount against debts they owe to the state.

Why it matters

  1. Improves fairness and cash flow for individuals and businesses. by allowing those owed money by a state agency to directly offset their debts to the state, reducing out-of-pocket payments when the state itself is behind on obligations.

  2. Creates an incentive for state agencies to pay their debts promptly. , as agencies may be more motivated to resolve what they owe in order to avoid losing revenue through offsets.

  3. Could streamline and simplify financial interactions with the state. by reducing administrative burdens and paperwork for both the state and its creditors, potentially speeding up debt settlements and reducing disputes.

  4. May impact state cash management and budget planning. because offsets reduce incoming payments without increasing outgoing cash, potentially complicating agency accounting and fiscal projections.

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

Let People Offset State Debts

Plain English, a few words. Used as the page title.

Sponsors

Primary sponsor
Michael Montesano

Assembly Member · Assembly District 15

1 Co-sponsor

History

  1. Held for consideration in ways and means
  2. Referred to ways and means
  3. Referred to ways and means

Full text

1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗

STATE OF NEW YORK

2203

2017-2018 Regular Sessions

IN ASSEMBLY

January 17, 2017

Introduced by M. of A. MONTESANO, GOODELL -- Multi-Sponsored by -- M. of A. BARCLAY, HAWLEY, OAKS, THIELE -- read once and referred to the Committee on Ways and Means

AN ACT to amend the tax law, in relation to authorizing the offset of debts to the state against obligations of the state

The People of the State of New York, represented in Senate and Assembly, do enact as follows:

Section 1. Section 171 of the tax law is amended by adding a new subdivision twenty-ninth to read as follows:

Twenty-ninth. Establish by rules and regulations a procedure whereby any person obligated to make payment to any state agency, as defined in section one hundred seventy-one-f of this article, may set off against such payment the amount of any debt owed by a state agency, as herein defined, to such person.

§ 2. This act shall take effect on the one hundred eightieth day after it shall have become a law; provided that the commissioner of taxation and finance is authorized to promulgate any and all rules and regulations and take any other measures necessary to implement this act on its effective date on or before such date.

EXPLANATION--Matter in italics (underscored) is new; matter in brackets

[ ] is old law to be omitted.

LBD06089-01-7

Reflowed for reading: line numbers and page breaks removed. Cite the official text.

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