Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 03, 2024 |
referred to investigations and government operations |
Feb 28, 2023 |
referred to investigations and government operations |
Senate Bill S5243
2023-2024 Legislative Session
Sponsored By
(R, C) 8th Senate District
Current Bill Status - In Senate Committee Investigations And Government Operations Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
2023-S5243 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A6093
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd §171, Tax L
- Versions Introduced in Other Legislative Sessions:
-
2009-2010:
S3985
2011-2012: S2631
2013-2014: S3047
2015-2016: S1782
2017-2018: S2152
2019-2020: S4157
2021-2022: S5917
2023-S5243 (ACTIVE) - Summary
Requires the commissioner of taxation and finance to provide for the payment by the department of taxation and finance of tax refunds within 30 days of the receipt of a taxpayer's tax return, unless there is a discrepancy in such return, in which case the department shall provide written notice to the taxpayer of such discrepancy and a date when the discrepancy will be resolved; provides failure to comply with such refund and notice requirement shall make the department of taxation and finance liable for interest on the refund due at a rate of 6% per annum.
2023-S5243 (ACTIVE) - Sponsor Memo
BILL NUMBER: S5243 SPONSOR: WEIK TITLE OF BILL: An act to amend the tax law, in relation to requiring the commissioner of taxation and finance to provide for the timely payment of tax refunds to taxpayers PURPOSE: To require that Department of Taxation and Finance to provide for the payment of refunds within 30 days of the receipt of a tax return. SUMMARY OF PROVISIONS: Section one adds a new subdivision 29 to section 171 requiring the Department of Taxation and Finance to pay every taxpayer's refund within thirty days upon receipt by the Department. If the Department is unable to pay a tax refund because of a discrepancy in the taxpayers return, the Department shall provide written notice to the taxpayer of the discrepancy and when it can be expected to be resolved. Upon the failure
2023-S5243 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5243 2023-2024 Regular Sessions I N S E N A T E February 28, 2023 ___________ Introduced by Sen. WEIK -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations AN ACT to amend the tax law, in relation to requiring the commissioner of taxation and finance to provide for the timely payment of tax refunds to taxpayers THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 171 of the tax law is amended by adding a new subdivision twenty-ninth to read as follows: TWENTY-NINTH. (A) PROVIDE FOR THE PAYMENT BY THE DEPARTMENT OF EVERY REFUND DUE A TAXPAYER PURSUANT TO ARTICLE TWENTY-TWO OF THIS CHAPTER WITHIN THIRTY DAYS OF THE RECEIPT BY THE DEPARTMENT OF THE TAX RETURN CLAIMING SUCH REFUND; PROVIDED THAT, IF THE DEPARTMENT IS UNABLE TO PAY A TAX REFUND BECAUSE OF A DISCREPANCY IN THE TAXPAYER'S TAX RETURN, THE DEPARTMENT SHALL, WITHIN SUCH THIRTY DAY PERIOD, PROVIDE WRITTEN NOTICE TO THE TAXPAYER OF THE SPECIFIC DISCREPANCY AND A DATE WHEN SUCH DISCREPANCY CAN BE EXPECTED TO BE RESOLVED. (B) UPON THE FAILURE TO PROVIDE A REFUND OR WRITTEN NOTICE TO A TAXPAYER PURSUANT TO PARAGRAPH (A) OF THIS SUBDIVISION, THE DEPARTMENT SHALL PAY THE TAXPAYER INTEREST ON THE REFUND OWED AT A RATE OF SIX PERCENT PER ANNUM. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09311-01-3
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