Establishes and funds the close the waitlist fund by utilizing a tax surcharge to pay for providing senior services to individuals who have been.

New York A01481 amends the state finance law and the tax law to establish the "close the waitlist fund." This fund will be used to provide senior services to individuals who have been waitlisted. The fund will be financed by a tax surcharge on the taxable income of certain residents. The surcharge will be administered by the commissioner of taxation and finance. The surcharge will be credited to the fund and will be used exclusively for providing senior services to waitlisted individuals. The bill takes effect on January 1, 2026.

Establishes and funds the close the waitlist fund by utilizing a tax surcharge to pay for providing senior services to individuals who have been.

New York A01481 amends the state finance law and the tax law to establish the "close the waitlist fund." This fund will be used to provide senior services to individuals who have been waitlisted. The fund will be financed by a tax surcharge on the taxable income of certain residents. The surcharge will be administered by the commissioner of taxation and finance. The surcharge will be credited to the fund and will be used exclusively for providing senior services to waitlisted individuals. The bill takes effect on January 1, 2026.