N.Y. Tax Law § 171-z: Information sharing with the comptroller regarding unclaimed funds

§ 171-z. Information sharing with the comptroller regarding unclaimed

funds. 1. Notwithstanding any other law, the commissioner is authorized

to release to the comptroller information regarding fixed and final

unwarranted debts of taxpayers for purposes of collecting unclaimed

funds from the comptroller to satisfy fixed and final unwarranted debts

owed by taxpayers. For purposes of this section, the term "unwarranted

debt" shall mean past-due tax liabilities, including unpaid tax,

interest and penalty, that the commissioner is required by law to

collect and that have become fixed and final such that the taxpayer no

longer has any right to administrative or judicial review and a warrant

has not been filed; and the term "taxpayer" shall mean any individual,

corporation, partnership, limited liability partnership or company,

partner, member, manager, sole proprietorship, estate, trust, fiduciary

or entity, who or which has been identified as owing taxes to the state.

This section shall not be deemed to abrogate or limit in any way the

powers and authority of the comptroller to set off debts owed the state

from unclaimed funds, under the constitution of the state or any other

law.

2. The comptroller shall keep all information he or she obtains from

the commissioner confidential, and any employee, agent or representative

of the comptroller is prohibited from disclosing any taxpayer

information received under this section to anyone other than the

commissioner or staff of the department or staff of the department of

audit and control for the purposes described in this section.