Senate Bill S7591

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7591
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                               July 7, 2023
                                ___________
 
 Introduced  by  Sens.  PARKER, COONEY -- read twice and ordered printed,
   and when printed to be committed to the Committee on Finance
 
 AN ACT to amend the state finance law, in relation to providing  funding
   for  the  universal  basic  income  pilot  program;  establishing  the
   universal basic income pilot program; making an  appropriation  there-
   for;  and  providing for the repeal of such provisions upon expiration
   thereof
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Universal  basic income pilot program. 1. Notwithstanding
 any law, rule or regulation to the contrary, the state  comptroller,  no
 later  than  January  1,  2025, shall establish and implement a two year
 pilot program to demonstrate the economic impacts and  state-level  cost
 savings of a universal basic income.
   2. The pilot program shall include 10,000 participants randomly chosen
 from applicants from across the state. Participants shall agree to fully
 participate  in  the  study  and  analysis of the universal basic income
 pilot program. Participants in the program shall receive $7,200 per year
 for individuals and $14,400 per year for couples. Universal basic income
 received by participants shall not be included in determining  eligibil-
 ity  for  the  supplemental  nutrition  assistance  program or temporary
 assistance for needy families.
   3.  The  comptroller  shall  establish  eligibility  criteria  and   a
 selection process, including but not limited to the following:
   (a) participants shall be within the ages of 21 and 65 years old;
   (b) participants may receive social services from programs such as the
 supplemental  nutrition  assistance  program or temporary assistance for
 needy families;
   (c) participants shall have verifiable employment on  a  part-time  or
 full-time basis; and
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD11834-01-3
 S. 7591                             2
              

 
   (d)  each  participant shall have an annual income of $35,600 per year
 or less.
   4.  Not later than one year after the conclusion of the pilot program,
 the comptroller shall compile a report, in cooperation with the  depart-
 ment  of  health,  department  of  labor and New York city department of
 health and mental  hygiene,  to  the  division  of  budget  which  shall
 include, but not be limited to, the following:
   (a)  information  from  the  department  of  health  and New York city
 department of health and mental hygiene  on  the  effects  of  universal
 basic  income  on the health, stress levels and mental health of partic-
 ipants;
   (b) information from the department of labor assessing the  number  of
 individuals  seeking  employment in order to qualify for universal basic
 income;
   (c) socio-demographic information, including but not  limited  to  the
 age,  race, ethnicity, education level, family composition, community of
 residence, housing costs, additional  income,  and  government  benefits
 received, of each participant and their family;
   (d) data on how individuals allocated the funds they received;
   (e)  analysis  of  cost benefit and cost savings extrapolated from the
 pilot to a true universal basic income scheme;
   (f) recommendations on implementing a statewide universal basic income
 program, including monthly payment  amounts,  that  will  maximize  cost
 savings and public benefits; and
   (g) draft legislation to implement the recommended statewide universal
 basic income program.
   §  2. Subdivision 7 of section 92-b of the state finance law, as added
 by section 10 of part SS-1 of chapter 57 of the laws of 2008, is amended
 to read as follows:
   7. When all the notes and bonds of  the  municipal  assistance  corpo-
 ration  for  the  city  of New York have been fully paid and discharged,
 together with interest thereon and interest on  unpaid  installments  of
 interest,  and  the  chairman of the corporation makes the final certif-
 ication required by subdivision seven of section  ninety-two-d  of  this
 article,  the  comptroller  must notify the commissioner of taxation and
 finance that all remaining funds held in the  stock  transfer  tax  fund
 must  be  released  to the stock transfer incentive fund. From that time
 forward, all funds previously deposited in the stock transfer  tax  fund
 pursuant  to  subdivision two of this section will be deposited directly
 into the stock transfer incentive fund pursuant to all the rules,  regu-
 lations  or  instructions  that  the  commissioner  may prescribe, after
 deducting the amount the commissioner determines  to  be  necessary  for
 reasonable  costs  of  the  department  in administering, collecting and
 distributing the tax imposed by article  twelve  of  the  tax  law,  AND
 BEGINNING  JANUARY  FIRST, TWO THOUSAND TWENTY-FIVE, AFTER DEDUCTING THE
 AMOUNT THE COMPTROLLER DETERMINES IS NECESSARY  TO  FUND  THE  UNIVERSAL
 BASIC INCOME PILOT PROGRAM ESTABLISHED PURSUANT TO A CHAPTER OF THE LAWS
 OF  TWO  THOUSAND TWENTY-THREE.  Notwithstanding any other provisions of
 this article, to the extent those moneys are not required by  the  stock
 transfer  incentive  fund  for  the  purpose of administering and making
 distributions in accordance with the provisions of section  two  hundred
 eighty-a  of  the  tax law, as certified by the commissioner of taxation
 and finance, the balance will be appropriated to the city  of  New  York
 for the support of local government.
   § 3. The sum of two hundred eighty-eight million ($288,000,000), or so
 much  thereof  as  may be necessary, is hereby appropriated to the state
 S. 7591                             3
 
 comptroller, fifty percent out of any moneys in the  state  treasury  in
 the  general  fund  to  the  credit  of the universal basic income pilot
 program, not otherwise appropriated, and fifty percent out of the moneys
 in  the  stock  transfer  tax  fund to the credit of the universal basic
 income pilot program, and made immediately available, for the purpose of
 carrying out the provisions of this act. Such moneys shall be payable on
 the audit and warrant  of  the  comptroller  on  vouchers  certified  or
 approved by the comptroller in the manner prescribed by law.
   §  4.  This  act shall take effect immediately and shall expire and be
 deemed repealed five years after such date.