STATE OF NEW YORK ________________________________________________________________________ 4157 2019-2020 Regular Sessions IN SENATE March 1, 2019 ___________ Introduced by Sen. FUNKE -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations AN ACT to amend the tax law, in relation to requiring the commissioner of taxation and finance to provide for the timely payment of tax refunds to taxpayers The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 171 of the tax law is amended by adding a new 2 subdivision twenty-ninth to read as follows: 3 Twenty-ninth. (a) Provide for the payment by the department of every 4 refund due a taxpayer pursuant to article twenty-two of this chapter 5 within thirty days of the receipt by the department of the tax return 6 claiming such refund; provided that, if the department is unable to pay 7 a tax refund because of a discrepancy in the taxpayer's tax return, the 8 department shall, within such thirty day period, provide written notice 9 to the taxpayer of the specific discrepancy and a date when such 10 discrepancy can be expected to be resolved. 11 (b) Upon the failure to provide a refund or written notice to a 12 taxpayer pursuant to paragraph (a) of this subdivision, the department 13 shall pay the taxpayer interest on the refund owed at a rate of six 14 percent per annum. 15 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD05004-01-9