S01940 Summary:

Amd §§657 & 171, Tax L
Relates to taxpayers affected by a federal government shutdown by granting an extension for those who are furloughed and expediting their tax refunds.
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S01940 Actions:

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S01940 Committee Votes:

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S01940 Floor Votes:

There are no votes for this bill in this legislative session.
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S01940 Text:

                STATE OF NEW YORK
                               2023-2024 Regular Sessions
                    IN SENATE
                                    January 17, 2023
        Introduced  by  Sen.  BAILEY -- read twice and ordered printed, and when
          printed to be committed to the Committee on Budget and Revenue
        AN ACT to amend the tax law, in relation  to  taxpayers  affected  by  a
          federal government shutdown
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Section 657 of the tax law  is  amended  by  adding  a  new
     2  subsection (d) to read as follows:
     3    (d) Automatic extension for employees affected by a federal government
     4  shutdown. An automatic extension shall be granted to any taxpayer who is
     5  employed  by  the  federal government and is furloughed as a result of a
     6  federal government shutdown. Such extension shall be granted for  filing
     7  a  tax return or paying a tax otherwise required on April fifteenth. The
     8  length of such extension shall be sixty days from the date  the  federal
     9  government  reopens.  Subsection  (b) of this section shall not apply to
    10  persons granted an extension by this subsection. No penalties or  inter-
    11  est  shall  be assessed or imposed upon a taxpayer during such extension
    12  as granted herein.
    13    § 2. Section 171 of the tax law is amended by adding a new subdivision
    14  twenty-ninth to read as follows:
    15    Twenty-ninth. (a) Provide for the payment by the department  of  every
    16  refund  due  to  a  taxpayer  pursuant  to subsection (d) of section six
    17  hundred fifty-seven of this chapter within thirty days of the receipt by
    18  the department of the tax return claiming such refund; provided that, if
    19  the department is unable to pay a tax refund because of a discrepancy in
    20  the taxpayer's tax return, the department shall, within such thirty  day
    21  period,  provide  for  written  notice  to  the taxpayer of the specific
    22  discrepancy and a date when such  discrepancy  can  be  expected  to  be
    23  resolved.
    24    (b)  Upon  the  failure  to  provide  a  refund or written notice to a
    25  taxpayer pursuant to paragraph (a) of this subdivision,  the  department
    26  shall  pay  the  taxpayer  interest  on the refund owed at a rate of six
    27  percent per annum.
    28    § 3. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
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