Bill > S02024

This bill amends the New York City administrative code to authorize the Independent Budget Office (IBO) to access and inspect tax returns and reports for the purpose of conducting tax expenditure evaluations. Currently, tax returns are confidential and can only be accessed under specific legal circumstances. The bill modifies existing provisions in three separate sections of the administrative code to explicitly allow the IBO and a designated evaluator to review taxpayer reports and returns for evaluation purposes. Additionally, the bill requires the city to appropriate funding for the IBO each fiscal year, allocating at least 1% of the budget available to the Office of Management and Budget. This change will enable the IBO to conduct more comprehensive analyses of tax-related data, potentially improving the city's understanding of its tax policies and expenditures. The modifications apply to various tax-related returns, including income and business taxes, and maintain the existing confidentiality protections while creating a narrow exception for official evaluation purposes.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S2024