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Bill > S01940


NY S01940

NY S01940
Relates to taxpayers affected by a federal government shutdown by granting an extension for those who are furloughed and expediting their tax refunds.


summary

Introduced
01/17/2023
In Committee
01/03/2024
Crossed Over
Passed
Dead
12/31/2024

Introduced Session

2023-2024 General Assembly

Bill Summary

AN ACT to amend the tax law, in relation to taxpayers affected by a federal government shutdown

AI Summary

This bill amends the tax law to provide an automatic 60-day extension for federal government employees who are furloughed due to a government shutdown to file their tax returns or make tax payments without penalties or interest. It also requires the Department of Taxation and Finance to pay tax refunds to these affected taxpayers within 30 days of receiving their return, or provide written notice of any discrepancies. If the department fails to provide the refund or notice within the 30-day period, it must pay the taxpayer interest on the refund at a rate of 6% per annum.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

REFERRED TO BUDGET AND REVENUE (on 01/03/2024)

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