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Bill > S06696
NY S06696
NY S06696Relates to establishing and funding the universal basic income pilot program; requires the comptroller to establish a universal basic income pilot program to provide 10,000 participants with income of $7,200 for individuals or $14,400 for couples per year for two years; establishes participant criteria; requires a study on the program one year after its conclusion.
summary
Introduced
09/09/2019
09/09/2019
In Committee
01/08/2020
01/08/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
2019-2020 General Assembly
Bill Summary
Relates to establishing and funding the universal basic income pilot program; requires the comptroller to establish a universal basic income pilot program to provide 10,000 participants with income of $7,200 for individuals or $14,400 for couples per year for two years; establishes participant criteria; requires a study on the program one year after its conclusion.
AI Summary
This bill establishes a two-year universal basic income (UBI) pilot program in New York. The program will provide 10,000 participants with $7,200 per year for individuals or $14,400 per year for couples, with eligibility criteria including age, income, and employment status. The bill requires the state comptroller to study the program's effects on health, employment, and cost savings, and to provide recommendations for a statewide UBI program. The program will be funded through the state's general fund and the stock transfer tax fund, with a $288 million appropriation.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
REFERRED TO FINANCE (on 01/08/2020)
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