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NY S06229
Bill
Status
11/28/2016
Primary Sponsor
David Carlucci
Click for details
AI Summary
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Amends Tax Law Section 3013 to expand the definition of "designated accounts" for receiving personal income tax refunds beyond prepaid debit cards and direct deposits.
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Allows personal income tax refunds to be deposited into up to three accounts with financial institutions that have routing and account numbers, including accounts held in the taxpayer's spouse's name or joint accounts.
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Permits accounts held in one spouse's name to receive personal income tax refunds from a married filing joint return.
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Requires that tax return forms continue to provide a checkbox option for taxpayers to elect to receive refunds by personal check.
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Takes effect immediately, with repeal provisions that align with the existing scheduled repeal of Tax Law Section 3013.
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
VETOED MEMO.276
11/28/2016