Bill
Bill > S07591
NY S07591
NY S07591Relates 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; makes an appropriation therefor.
summary
Introduced
07/07/2023
07/07/2023
In Committee
01/03/2024
01/03/2024
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
2023-2024 General Assembly
Bill Summary
AN ACT to amend the state finance law, in relation to providing funding for the universal basic income pilot program; establishing the universal basic income pilot program; making an appropriation therefor; and providing for the repeal of such provisions upon expiration thereof
AI Summary
This bill establishes and funds a two-year universal basic income (UBI) pilot program in New York. The program will provide $7,200 per year to 10,000 individual participants and $14,400 per year to 10,000 couples, randomly selected from applicants across the state. Participants must be between 21 and 65 years old, may receive social services like SNAP or TANF, have verifiable part-time or full-time employment, and have an annual income of $35,600 or less. The comptroller will study the program's effects on participants' health, employment, and other factors, and provide recommendations for implementing a statewide UBI program. The bill appropriates $288 million from the state's general fund and stock transfer tax fund to fund the pilot program.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
REFERRED TO FINANCE (on 01/03/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2023/S7591 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S07591&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S07591 |
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