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NY A09065
Bill
Status
1/21/2016
Primary Sponsor
Andrew Hevesi
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AI Summary
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Amends tax law to allow personal income tax refunds to be deposited to multiple designated accounts instead of a single account.
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Permits refunds to be sent to up to three accounts with financial institutions that have routing and account numbers, including accounts held in a spouse's name or joint accounts.
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Allows designated accounts held in one spouse's name to receive personal income tax refunds from a married filing joint return.
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Requires tax return forms to include a checkbox option for taxpayers to select receiving refunds by personal check instead of electronic deposit.
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Takes effect immediately, with amendments automatically repealed when the underlying tax law section is repealed.
Legislative Description
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.
Last Action
substituted by s6229
6/15/2016