Relates to permitting the department of taxation and finance to share a person's address with the office of the state comptroller for the purpose of returning unclaimed funds

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Relates to permitting the department of taxation and finance to share a person's address with the office of the state comptroller for the purpose of returning unclaimed funds

Relates to permitting the department of taxation and finance to share a person's address with the office of the state comptroller for the purpose of returning unclaimed funds Provides that the department of taxation and finance shall be permitted to share with the office of the state comptroller a person's address, based on such person's most recently filed tax return, for the purpose of returning unclaimed funds to such person.

What This Bill Does

• Relates to permitting the department of taxation and finance to share a person's address with the office of the state comptroller for the purpose of returning unclaimed funds Provides that the department of taxation and finance shall be permitted to share with the office of the state comptroller a person's address, based on such person's most recently filed tax return, for the purpose of returning unclaimed funds to such person.

Limits and Unknowns

• This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Official Summary Text

Relates to permitting the department of taxation and finance to share a person's address with the office of the state comptroller for the purpose of returning unclaimed funds
Provides that the department of taxation and finance shall be permitted to share with the office of the state comptroller a person's address, based on such person's most recently filed tax return, for the purpose of returning unclaimed funds to such person.

Current Bill Text

S T A T E   O F   N E W   Y O R K
        ________________________________________________________________________

                                          10399

                                    I N  S E N A T E

                                      May 15, 2026
                                       ___________

        Introduced  by  Sen. KRUEGER -- read twice and ordered printed, and when
          printed to be committed to the Committee on Local Government

        AN ACT to amend the tax law, in relation to permitting the department of
          taxation and finance to share a person's address with  the  office  of
          the state comptroller for the purpose of returning unclaimed funds

          THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
        BLY, DO ENACT AS FOLLOWS:

     1    Section 1. Subsection (e) of section 697 of the tax law is amended  by
     2  adding a new paragraph 5 to read as follows:
     3    (5) NOTWITHSTANDING ANY PROVISIONS OF THIS SECTION OR ANY OTHER LAW TO
     4  THE CONTRARY, THE DEPARTMENT SHALL BE PERMITTED TO SHARE WITH THE OFFICE
     5  OF THE STATE COMPTROLLER A PERSON'S ADDRESS, BASED ON SUCH PERSON'S MOST
     6  RECENTLY FILED TAX RETURN, FOR THE PURPOSE OF ENABLING THE OFFICE OF THE
     7  STATE  COMPTROLLER  TO RETURN UNCLAIMED FUNDS TO SUCH PERSON IN AN EFFI-
     8  CIENT MANNER.
     9    § 2. This act shall take effect immediately.







         EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD13511-01-5