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NY A04485
Bill
Status
2/5/2013
Primary Sponsor
Michael Montesano
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AI Summary
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Amends Tax Law Section 171 by adding a new subdivision requiring the Commissioner of Taxation and Finance to establish a procedure for offsetting debts owed by state agencies against payments owed to state agencies
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Allows any person obligated to make a payment to a state agency to set off against that payment any amount of debt that a state agency owes to that person
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Authorizes the Commissioner of Taxation and Finance to promulgate rules and regulations necessary to implement the offset procedure
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Takes effect 180 days after becoming law, with the Commissioner authorized to implement rules and regulations on or before the effective date
Legislative Description
Directs the commissioner of taxation and finance, by rules and regulations, to establish a procedure whereby persons owing payment to a state agency may offset against such payment the amount of any debt owed by a state agency.
Last Action
held for consideration in ways and means
6/17/2014