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NY A03842

Bill

Official Source

Status

Introduced

1/28/2011

Primary Sponsor

Nancy Calhoun

Click for details

Origin

Assembly

2011-2012 General Assembly

AI Summary

  • Amends Section 692 of the tax law to add a new subsection (j) establishing bank account freeze procedures
  • Requires bank accounts to be frozen for 21 calendar days when a lien or levy is placed on an account for unpaid taxes, additions to tax, penalties, or interest
  • Prohibits deposits to or withdrawals from frozen accounts during the 21-day freeze period
  • Takes effect immediately upon enactment

Legislative Description

Relates to freezing bank accounts on which liens or levies have been placed.

Last Action

held for consideration in ways and means

6/19/2012

Committee Referrals

Ways and Means1/28/2011

Full Bill Text

No bill text available