Bill Text: NY S06229 | 2015-2016 | General Assembly | Introduced
Bill Title: Provides that personal income tax refunds may be sent to designated accounts, including but not limited to, up to three accounts with financial institutions that have routing and account numbers and are held in the names of the taxpayer's spouse or joint account; provides that designated accounts held in one spouse's name may receive personal income tax refunds from a married filing joint return.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Vetoed) 2016-11-28 - VETOED MEMO.276 [S06229 Detail]
Download: New_York-2015-S06229-Introduced.html
S T A T E O F N E W Y O R K
________________________________________________________________________
6229
I N S E N A T E
(PREFILED)
January 6, 2016
___________
Introduced by Sen. CARLUCCI -- 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 designated accounts for
personal income tax refunds
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
1 Section 1. Subdivision (c) of section 3013 of the tax law, as added by
2 chapter 479 of the laws of 2011, is amended to read as follows:
3 (c) (1) In the event that the commissioner elects to implement a
4 program providing for payment of personal income tax refunds by prepaid
5 debit card or direct deposit to [a] designated [account] ACCOUNTS of the
6 taxpayer, the department shall amend the forms used to file personal
7 income tax returns to reflect, in the area designated for selection of
8 options for processing of refunds, that the taxpayer has the option of
9 receiving his or her tax refund by personal check and shall provide a
10 box which the taxpayer may check to select that option.
11 (2) DESIGNATED ACCOUNTS INCLUDE BUT ARE NOT LIMITED TO, UP TO THREE
12 ACCOUNTS WITH FINANCIAL INSTITUTIONS THAT HAVE ROUTING AND ACCOUNT
13 NUMBERS AND ARE HELD IN THE NAMES OF THE TAXPAYER'S SPOUSE OR JOINT
14 ACCOUNT. DESIGNATED ACCOUNTS HELD IN ONE SPOUSE'S NAME MAY RECEIVE
15 PERSONAL INCOME TAX REFUNDS FROM A MARRIED FILING JOINT RETURN.
16 S 2. This act shall take effect immediately, provided, however, that
17 the amendments to subdivision (c) of section 3013 of the tax law made by
18 section one of this act shall not affect the repeal of such section and
19 shall be deemed repealed therewith.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD13134-01-5
