Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Aug 17, 2012 |
signed chap.380 |
Aug 06, 2012 |
delivered to governor |
Jun 21, 2012 |
returned to assembly passed senate 3rd reading cal.1086 substituted for s5461 |
Jun 21, 2012 |
substituted by a7764 |
Jun 11, 2012 |
advanced to third reading |
Jun 06, 2012 |
2nd report cal. |
Jun 05, 2012 |
1st report cal.1086 |
Jan 04, 2012 |
referred to cities |
May 24, 2011 |
referred to cities |
Senate Bill S5461
Signed By Governor2011-2012 Legislative Session
Sponsored By
(R, C) 53rd Senate District
Archive: Last Bill Status Via A7764 - Signed by Governor
- 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
Actions
Votes
2011-S5461 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A7764
- Law Section:
- New York City Administrative Code
- Laws Affected:
- Amd §11-130, NYC Ad Cd
2011-S5461 (ACTIVE) - Sponsor Memo
BILL NUMBER:S5461 TITLE OF BILL: An act to amend the administrative code of the city of New York, in relation to the financial institution data match system for tax collection purposes SUMMARY OF PROVISIONS: This bill amends paragraph (b) of subdivision 2 of section 11-130 of the New York City Administrative Code, which provides that any bank doing business in the City must develop and operate a data match system to facilitate the identification and seizure of financial assets of tax debtors, to apply to any bank that does business in New York State. REASONS FOR SUPPORT: The bill corrects a technical error in the 2009 "Conformity Legislation," chapter 201 of the Laws of 2009, which granted the City authority to require financial institution data matching for any bank that does business in New York City. The legislation should have included all financial institutions with a presence in the State of New York. This amendment will make identifying and seizing non-exempt financial assets of tax debtors easier and should result in additional collections. All banks within New York State are already required to do data matching for the New York State Department of Taxation and Finance.
2011-S5461 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5461 2011-2012 Regular Sessions I N S E N A T E May 24, 2011 ___________ Introduced by Sen. GRIFFO -- read twice and ordered printed, and when printed to be committed to the Committee on Cities AN ACT to amend the administrative code of the city of New York, in relation to the financial institution data match system for tax collection purposes THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph (b) of subdivision 2 of section 11-130 of the administrative code of the city of New York, as added by chapter 201 of the laws of 2009, is amended to read as follows: (b) Each financial institution doing business in the [city] STATE OF NEW YORK shall, in conjunction with the commissioner or the commission- er's authorized designee, develop and operate a data match system to facilitate the identification and seizure of non-exempt financial assets of tax debtors identified by the commissioner or the commissioner's authorized designee. If a financial institution has a data match system developed or used to administer the child support enforcement programs of this state, and if that system is approved by the commissioner or the commissioner's authorized designee, the financial institution may use that system to comply with the provisions of this section. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11553-01-1
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