Assembly Bill A2200

2017-2018 Legislative Session

Requires the commissioner of taxation and finance to provide for the payment of refunds within 30 days of the receipt of a tax return

download bill text pdf

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Archive: Last Bill Status - In Assembly Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2017-A2200 (ACTIVE) - Details

Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd §688, Tax L
Versions Introduced in Other Legislative Sessions:
2009-2010: A10087
2011-2012: A4510, A7057
2013-2014: A5428
2015-2016: A3244

2017-A2200 (ACTIVE) - Summary

Requires the commissioner of taxation and finance to provide for the payment by the department of taxation and finance of tax refunds within 30 days of the receipt of a taxpayer's tax return.

2017-A2200 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2200
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 17, 2017
                                ___________
 
 Introduced  by  M. of A. PEOPLES-STOKES -- read once and referred to the
   Committee on Ways and Means
 
 AN ACT to amend the tax law, in relation to the payment of  interest  on
   overpayments
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1.  Subsection (c) of section 688 of the tax law,  as  amended
 by chapter 377 of the laws of 1999, is amended to read as follows:
   (c)  Income  tax  refund  within [forty-five] THIRTY days of claim for
 overpayment.--If any overpayment of tax imposed by this article is cred-
 ited or refunded within [forty-five] THIRTY days after  [the  last  date
 prescribed  (or permitted by extension of time) for filing the return of
 such tax on which such overpayment was claimed or within forty-five days
 after] such return was filed, [whichever is later,] or within six months
 after a demand is filed pursuant to paragraph six of subsection  (b)  of
 section  six  hundred  fifty-one  of  this chapter, no interest shall be
 allowed under this section on any such  overpayment.  In  regard  to  an
 amended return claiming such overpayment or a claim for credit or refund
 on  which  such overpayment was claimed, if such overpayment is refunded
 within [forty-five] THIRTY days of filing such return or such claim,  no
 interest  shall  be  allowed  from the date such return or such claim is
 filed  until  the  day  the  refund  is  made.  [For  purposes  of  this
 subsection,  any  amended  return  or  claim  for credit or refund filed
 before the last day prescribed (or permitted by extension of  time)  for
 the  filing  of  the  return of tax for such year shall be considered as
 filed on such last day.]
   § 2. This act shall take effect immediately and shall apply to taxable
 years commencing on and after January 1, 2016.
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD03609-01-7

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