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NY A01308
Bill
Status
1/9/2025
Primary Sponsor
Demond Meeks
Click for details
AI Summary
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Requires the state comptroller to establish a two-year universal basic income pilot program by January 1, 2027, with 10,000 randomly selected participants receiving $7,200 per year for individuals or $14,400 per year for couples
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Limits eligibility to employed individuals ages 21-65 with annual income of $35,600 or less, who may also receive SNAP or TANF benefits without the UBI payments affecting their eligibility
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Appropriates $288 million for the program, funded equally from the general fund and the stock transfer tax fund
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Mandates a comprehensive report within one year after the program concludes, examining health and mental health impacts, employment effects, how participants spent funds, and cost-benefit analysis
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Requires the final report to include draft legislation and recommendations for implementing a statewide universal basic income program, with the act expiring five years after enactment
Legislative Description
Relates to establishing and funding the universal basic income pilot program; requires the comptroller to establish a universal basic income pilot program to provide 10,000 participants with income of $7,200 for individuals or $14,400 for couples per year for two years; establishes participant criteria; requires a study on the program one year after its conclusion; makes an appropriation therefor.
Last Action
referred to governmental operations
1/7/2026