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NY A07764

Bill

Official Source

Status

Passed

8/17/2012

Primary Sponsor

Herman Farrell

Click for details

Origin

Assembly

2011-2012 General Assembly

AI Summary

  • Amends the administrative code of the City of New York to expand the geographic scope of financial institution data match requirements from the city to the entire State of New York
  • Requires financial institutions doing business in New York State to develop and operate a data match system in conjunction with the commissioner to identify and seize non-exempt financial assets of tax debtors
  • Allows financial institutions to use existing data match systems developed for state child support enforcement programs if approved by the commissioner
  • Takes effect immediately upon enactment

Legislative Description

Expands requirements relating to the development and operation of a data match system to facilitate the identification and seizure of non-exempt financial assets of tax debtors.

Last Action

signed chap.380

8/17/2012

Committee Referrals

Cities2/15/2012
Rules6/14/2011
Rules6/6/2011
Ways and Means5/16/2011

Full Bill Text

No bill text available