NY A07424

Establishes a 19-member Fiscal Cliff Task Force to study how sudden decreases in public benefits occur with small increases in earnings and recommend solutions.

Task force composition includes legislative appointees (2 from senate majority, 1 from senate minority, 2 from assembly majority, 1 from assembly minority), 5 gubernatorial appointees, 3 local social services commissioners, and 5 state commissioners (OTDA, Health, Taxation and Finance, Labor, and OCFS).

Task force shall examine fiscal cliffs across public assistance programs, SNAP, HEAP, housing assistance, tax credits (STAR, child care, EITC), Medicaid, NY State of Health marketplace, and any state-provided income-tied benefits.

Task force must submit a preliminary report by January 1, 2025 and a final report with legislative proposals by September 1, 2025.

Task force expires three years after the law takes effect and all provisions are automatically repealed at that time.