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A07764 Summary:

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A07764 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          7764
 
                               2011-2012 Regular Sessions
 
                   IN ASSEMBLY
 
                                      May 16, 2011
                                       ___________
 
        Introduced  by M. of A. FARRELL -- read once and referred to the Commit-
          tee on Ways and Means
 
        AN ACT to amend the administrative code of the  city  of  New  York,  in
          relation  to  the  financial  institution  data  match  system for tax
          collection purposes
 
          The People of the State of New York, represented in Senate and  Assem-

        bly, do enact as follows:
 
     1    Section  1.  Paragraph  (b)  of subdivision 2 of section 11-130 of the
     2  administrative code of the city of New York, as added by chapter 201  of
     3  the laws of 2009, is amended to read as follows:
     4    (b)  Each  financial institution doing business in the [city] state of
     5  New York shall, in conjunction with the commissioner or the  commission-
     6  er's  authorized  designee,  develop  and operate a data match system to
     7  facilitate the identification and seizure of non-exempt financial assets
     8  of tax debtors identified by  the  commissioner  or  the  commissioner's
     9  authorized  designee. If a financial institution has a data match system
    10  developed or used to administer the child support  enforcement  programs
    11  of this state, and if that system is approved by the commissioner or the

    12  commissioner's  authorized  designee,  the financial institution may use
    13  that system to comply with the provisions of this section.
    14    § 2. This act shall take effect immediately.
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD11553-01-1