Bill

Bill > S04166


NY S04166

NY S04166
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
02/03/2025
In Committee
02/03/2025
Crossed Over
Passed
Dead

Introduced Session

2025-2026 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 provides relief for federal government employees who are furloughed during a government shutdown by amending New York state tax law. Specifically, the bill automatically extends the tax filing and payment deadline by 60 days from the date the federal government reopens for any taxpayer who is furloughed during a shutdown, without imposing any penalties or interest during this extension period. Additionally, the bill requires the New York State Department of Taxation to expedite tax refunds for these affected taxpayers by processing refunds within 30 days of receiving their tax return. If the department cannot immediately process a refund due to a discrepancy, they must provide written notice to the taxpayer within that 30-day period explaining the specific issue. Furthermore, if the department fails to provide either the refund or a detailed explanation within 30 days, they will be required to pay the taxpayer interest on the owed refund at a rate of 6% per annum. The bill aims to provide financial flexibility and support for federal workers experiencing income disruption during government shutdowns.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

REFERRED TO BUDGET AND REVENUE (on 02/03/2025)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...