Bill
Bill > A07920
NY A07920
NY A07920Relates 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
08/04/2023
08/04/2023
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 State. The program will provide $7,200 per year for individuals and $14,400 per year for couples to 10,000 randomly selected participants. The participants must meet certain eligibility criteria, such as being between 21 and 65 years old, having verifiable employment, and having an annual income of $35,600 or less. The bill requires the state comptroller to conduct a study one year after the program's conclusion to assess the impacts on participants' health, employment, and government benefits usage, as well as potential cost savings from 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
Government Affairs
Sponsors (6)
Maritza Davila (D)*,
Demond Meeks (D)*,
Juan Ardila (D),
Harvey Epstein (D),
Alicia Hyndman (D),
Tony Simone (D),
Last Action
referred to governmental operations (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/A7920 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A07920&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A07920 |
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