Bill > S05916

This bill requires the New York State Department of Taxation and Finance to process tax refunds within 30 days of receiving a taxpayer's tax return under Article 22 of the tax law, which typically covers personal income taxes. If the department discovers a discrepancy in the tax return that prevents immediate refund processing, they must provide the taxpayer with written notice specifying the exact discrepancy and an estimated date for resolving the issue within that 30-day period. Furthermore, if the department fails to either issue the refund or send the required notice within the 30-day timeframe, they will be obligated to pay the taxpayer interest on the owed refund at a rate of 6% per year. This legislation aims to improve transparency and accountability in the state's tax refund process by establishing clear timelines and consequences for administrative delays, ultimately providing more predictability and financial protection for taxpayers.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S5916