Bill Text: NY A07920 | 2023-2024 | General Assembly | Introduced
Bill Title: Relates to establishing and funding the universal basic income pilot program; requires the comptroller to establish a universal basic income pilot program to provide 10,000 participants with income of $7,200 for individuals or $14,400 for couples per year for two years; establishes participant criteria; requires a study on the program one year after its conclusion; makes an appropriation therefor.
Spectrum: Partisan Bill (Democrat 6-0)
Status: (Introduced) 2024-01-03 - referred to governmental operations [A07920 Detail]
Download: New_York-2023-A07920-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 7920 2023-2024 Regular Sessions IN ASSEMBLY August 4, 2023 ___________ Introduced by M. of A. MEEKS -- read once and referred to the Committee on Governmental Operations 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: 1 Section 1. Universal basic income pilot program. 1. Notwithstanding 2 any law, rule or regulation to the contrary, the state comptroller, no 3 later than January 1, 2025, shall establish and implement a two year 4 pilot program to demonstrate the economic impacts and state-level cost 5 savings of a universal basic income. 6 2. The pilot program shall include 10,000 participants randomly chosen 7 from applicants from across the state. Participants shall agree to fully 8 participate in the study and analysis of the universal basic income 9 pilot program. Participants in the program shall receive $7,200 per year 10 for individuals and $14,400 per year for couples. Universal basic income 11 received by participants shall not be included in determining eligibil- 12 ity for the supplemental nutrition assistance program or temporary 13 assistance for needy families. 14 3. The comptroller shall establish eligibility criteria and a 15 selection process, including but not limited to the following: 16 (a) participants shall be within the ages of 21 and 65 years old; 17 (b) participants may receive social services from programs such as the 18 supplemental nutrition assistance program or temporary assistance for 19 needy families; 20 (c) participants shall have verifiable employment on a part-time or 21 full-time basis; and EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD11834-01-3A. 7920 2 1 (d) each participant shall have an annual income of $35,600 per year 2 or less. 3 4. Not later than one year after the conclusion of the pilot program, 4 the comptroller shall compile a report, in cooperation with the depart- 5 ment of health, department of labor and New York city department of 6 health and mental hygiene, to the division of budget which shall 7 include, but not be limited to, the following: 8 (a) information from the department of health and New York city 9 department of health and mental hygiene on the effects of universal 10 basic income on the health, stress levels and mental health of partic- 11 ipants; 12 (b) information from the department of labor assessing the number of 13 individuals seeking employment in order to qualify for universal basic 14 income; 15 (c) socio-demographic information, including but not limited to the 16 age, race, ethnicity, education level, family composition, community of 17 residence, housing costs, additional income, and government benefits 18 received, of each participant and their family; 19 (d) data on how individuals allocated the funds they received; 20 (e) analysis of cost benefit and cost savings extrapolated from the 21 pilot to a true universal basic income scheme; 22 (f) recommendations on implementing a statewide universal basic income 23 program, including monthly payment amounts, that will maximize cost 24 savings and public benefits; and 25 (g) draft legislation to implement the recommended statewide universal 26 basic income program. 27 § 2. Subdivision 7 of section 92-b of the state finance law, as added 28 by section 10 of part SS-1 of chapter 57 of the laws of 2008, is amended 29 to read as follows: 30 7. When all the notes and bonds of the municipal assistance corpo- 31 ration for the city of New York have been fully paid and discharged, 32 together with interest thereon and interest on unpaid installments of 33 interest, and the chairman of the corporation makes the final certif- 34 ication required by subdivision seven of section ninety-two-d of this 35 article, the comptroller must notify the commissioner of taxation and 36 finance that all remaining funds held in the stock transfer tax fund 37 must be released to the stock transfer incentive fund. From that time 38 forward, all funds previously deposited in the stock transfer tax fund 39 pursuant to subdivision two of this section will be deposited directly 40 into the stock transfer incentive fund pursuant to all the rules, regu- 41 lations or instructions that the commissioner may prescribe, after 42 deducting the amount the commissioner determines to be necessary for 43 reasonable costs of the department in administering, collecting and 44 distributing the tax imposed by article twelve of the tax law, and 45 beginning January first, two thousand twenty-five, after deducting the 46 amount the comptroller determines is necessary to fund the universal 47 basic income pilot program established pursuant to a chapter of the laws 48 of two thousand twenty-three. Notwithstanding any other provisions of 49 this article, to the extent those moneys are not required by the stock 50 transfer incentive fund for the purpose of administering and making 51 distributions in accordance with the provisions of section two hundred 52 eighty-a of the tax law, as certified by the commissioner of taxation 53 and finance, the balance will be appropriated to the city of New York 54 for the support of local government. 55 § 3. The sum of two hundred eighty-eight million ($288,000,000), or so 56 much thereof as may be necessary, is hereby appropriated to the stateA. 7920 3 1 comptroller, fifty percent out of any moneys in the state treasury in 2 the general fund to the credit of the universal basic income pilot 3 program, not otherwise appropriated, and fifty percent out of the moneys 4 in the stock transfer tax fund to the credit of the universal basic 5 income pilot program, and made immediately available, for the purpose of 6 carrying out the provisions of this act. Such moneys shall be payable on 7 the audit and warrant of the comptroller on vouchers certified or 8 approved by the comptroller in the manner prescribed by law. 9 § 4. This act shall take effect immediately and shall expire and be 10 deemed repealed five years after such date.
