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NY A09243

Bill

Status

Introduced

2/9/2012

Primary Sponsor

Raymond Walter

Click for details

Origin

Assembly

2011-2012 General Assembly

AI Summary

  • Reduces the timeframe for income tax refunds from 45 days to 30 days after the return is filed
  • Eliminates the original requirement that refunds be made within 45 days of the tax filing deadline or 6 months after a demand is filed
  • Removes the distinction between original returns and amended returns regarding interest calculation on overpayments
  • Establishes that certified mail or registered mail receipts serve as prima facie evidence of delivery to the tax commissioner
  • Takes effect January 1st of the year following enactment and applies to all taxable years beginning on or after that date

Legislative Description

Requires the tax commission to refund any overpayment within 30 days of the filing therefor.

Last Action

held for consideration in ways and means

6/19/2012

Committee Referrals

Ways and Means2/9/2012

Full Bill Text

No bill text available