Bill > S06552

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. The bill sets participant criteria, such as being between 21 and 65 years old, having verifiable employment, and having an annual income of $35,600 or less. It also requires a comprehensive study on the program's effects, including its impact on participants' health, employment, and spending patterns. The bill appropriates $288 million from the state's general fund and the stock transfer tax fund to fund the pilot program, and the program will expire after five years.