S T A T E O F N E W Y O R K
________________________________________________________________________
2359
2017-2018 Regular Sessions
I N A S S E M B L Y
January 18, 2017
___________
Introduced by M. of A. HEVESI -- read once and referred to the Committee
on Ways and Means
AN ACT to amend the tax law, in relation to designated accounts for
personal income tax refunds
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Subdivision (c) of section 3013 of the tax law, as added by
chapter 479 of the laws of 2011, is amended to read as follows:
(c) (1) In the event that the commissioner elects to implement a
program providing for payment of personal income tax refunds by prepaid
debit card or direct deposit to [a] designated [account] ACCOUNTS of the
taxpayer, the department shall amend the forms used to file personal
income tax returns to reflect, in the area designated for selection of
options for processing of refunds, that the taxpayer has the option of
receiving his or her tax refund by personal check and shall provide a
box which the taxpayer may check to select that option.
(2) DESIGNATED ACCOUNTS INCLUDE BUT ARE 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. DESIGNATED ACCOUNTS HELD IN ONE SPOUSE'S NAME MAY RECEIVE
PERSONAL INCOME TAX REFUNDS FROM A MARRIED FILING JOINT RETURN.
§ 2. This act shall take effect immediately, provided, however, that
the amendments to subdivision (c) of section 3013 of the tax law made by
section one of this act shall not affect the repeal of such section and
shall be deemed repealed therewith.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD02013-01-7