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NY S07675
Bill
Status
2/6/2018
Primary Sponsor
John Bonacic
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AI Summary
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Increases the spousal maintenance income cap from $175,000 to $184,000 of the payor's annual income in the Family Court Act and Domestic Relations Law.
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Changes the adjustment date for the income cap from January 31st to March 1st, effective in 2020 and every two years thereafter.
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Maintains automatic adjustments to the income cap based on the average annual percentage change in the Consumer Price Index for All Urban Consumers (CPI-U) over the prior two years, rounded to the nearest $1,000.
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Requires the Office of Court Administration to determine and publish the adjusted income cap amounts.
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Takes effect immediately upon enactment.
Legislative Description
Relates to the date of the adjustment of the spousal maintenance cap and increases the amount of such cap.
Last Action
COMMITTED TO RULES
6/20/2018