File #: Int 1231-2025    Version: Name: Requiring tax preparers to provide customers with statements itemizing all charges.
Type: Introduction Status: Enacted (Mayor's Desk for Signature)
Committee: Committee on Consumer and Worker Protection
On agenda: 4/10/2025
Enactment date: Law number:
Title: A Local Law to amend the administrative code of the city of New York, in relation to requiring tax preparers to provide consumers with statements itemizing all charges
Sponsors: Chris Banks, Oswald J. Feliz, Julie Menin, Farah N. Louis, Selvena N. Brooks-Powers, Mercedes Narcisse, Sandra Ung, Tiffany L. Cabán, Jennifer Gutiérrez
Council Member Sponsors: 9
Summary: This bill would require tax preparers to provide consumers with a receipt that includes an itemized list of all charges and fees. This bill would also require tax preparers to provide consumers with an itemized statement prior to providing tax services, which would include all charges for the services that the tax preparer intends to provide the consumer. Tax preparers would be required to provide the statements in both a physical and electronic format.
Indexes: Agency Rule-making Required
Attachments: 1. Summary of Int. No. 1231-A, 2. Summary of Int. No. 1231, 3. Int. No. 1231, 4. April 10, 2025 - Stated Meeting Agenda, 5. Hearing Transcript - Stated Meeting 4-10-25, 6. Committee Report 6/17/25, 7. Fiscal Impact Statement - City Council, 8. Fiscal Impact Statement - OMB, 9. Hearing Testimony 6/17/25, 10. Hearing Transcript 6/17/25, 11. Proposed Int. No. 1231-A - 10/22/25, 12. Committee Report 10/29/25, 13. Hearing Transcript 10/29/25, 14. Int. No. 1231-A - Fiscal Impact Statement - City Council, 15. Int. No. 1231-A - Fiscal Impact Statement - OMB, 16. October 29, 2025 - Stated Meeting Agenda

Int. No. 1231-A

 

By Council Members Banks, Feliz, Menin, Louis, Brooks-Powers, Narcisse, Ung, Cabán and Gutiérrez

 

A Local Law to amend the administrative code of the city of New York, in relation to requiring tax preparers to provide consumers with statements itemizing all charges

 

Be it enacted by the Council as follows:

 

Section 1. Subdivision b of section 20-740 of the administrative code of the city of New York is amended, and a new subdivision c is added, to read as follows:

b. The tax preparer shall provide the [customer]consumer with a receipt containing an address and phone number at which the preparer can be contacted throughout the year. Such receipt shall be provided to the consumer after the tax preparer receives payment from the consumer, shall include an itemized list of all charges and fees, and shall be made available to the consumer in physical and electronic form.

c. Prior to providing services to the consumer, the tax preparer shall provide a consumer with a statement itemizing all charges for services the tax preparer intends to provide to the consumer. The tax preparer shall make such statement available to the consumer in physical and electronic form, and in English and any other language the tax preparer used to communicate with the consumer. The commissioner may designate the size, format, and any required elements of this statement by rule. Such statement shall:

(1) be signed by the consumer prior to the tax preparer providing services to the consumer;

(2) include the name, address, and phone number of the tax preparer;

(3) to the extent applicable, include, without limitation, charges and fees applicable to the consumer for any state or federal tax return or schedule prepared, any factors that will increase the cost of preparing such tax return or schedule, software fees, bank fees, filing fees, any fees related to a refund anticipation loan, refund anticipation check, or any other deferred payment product, and any other charges and fees imposed by the tax preparer; and

(4) include the total cost for all itemized charges and fees. Where any such charges or fees are estimated, the statement shall include the highest possible total estimate for such services.

§ 2. This local law takes effect 180 days after it becomes law.

 

MLL/SS

LS #18393

10/21/2025 7:48 PM