{"id":246380,"date":"2021-04-02T11:02:15","date_gmt":"2021-04-02T05:32:15","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=246380"},"modified":"2021-04-01T22:12:46","modified_gmt":"2021-04-01T16:42:46","slug":"usa-new-york-issues-guidance-on-stimulus-payments-under-american-rescue-plan","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2021\/04\/02\/usa-new-york-issues-guidance-on-stimulus-payments-under-american-rescue-plan\/","title":{"rendered":"USA | New York issues guidance on stimulus payments under American Rescue Plan"},"content":{"rendered":"<p style=\"text-align: justify;\">New York Attorney has issued guidance clarifying that emergency stimulus payments authorised by the American Rescue Plan shall be exempt from garnishment under New York law. The guidance states that any attempt to garnish stimulus funds from consumers will be constituted as unlawful and would violate New York and federal law. The guidance also explains that any attempt to garnish stimulus funds from consumers in the state would constitute \u201cillegal acts\u201d because such garnishment would violate prohibitions under the Banking institutions are also advised to treat these stimulus payments \u201cas subject to the same protections as statutorily exempt payments.\u201d<\/p>\n<p style=\"text-align: justify;\">For more details on the American Rescue Plan Act, read our previous story <a href=\"https:\/\/www.scconline.com\/blog\/post\/2021\/03\/22\/usa-american-rescue-plan-act-arpa-2021\/\">HERE<\/a><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #000080;\">*Tanvi Singh, Editorial Assistant has put this story together.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York Attorney has issued guidance clarifying that emergency stimulus payments authorised by the American Rescue Plan shall be exempt from garnishment <\/p>\n","protected":false},"author":121,"featured_media":246381,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1188,2],"tags":[],"class_list":["post-246380","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hot_off_the_press","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>USA | New York issues guidance on stimulus payments under American Rescue Plan | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2021\/04\/02\/usa-new-york-issues-guidance-on-stimulus-payments-under-american-rescue-plan\/\" \/>\n<meta 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The ARPA Act is a comprehensive 1.9 trillion dollars relief plan that is intended to facilitate the recovery of the country from the impact of the COVID-19 pandemic. The key employment-specific provisions\u2026","rel":"","context":"In &quot;Foreign Legislation&quot;","block_context":{"text":"Foreign Legislation","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/foreign\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/03\/MicrosoftTeams-image-20.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/03\/MicrosoftTeams-image-20.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/03\/MicrosoftTeams-image-20.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/03\/MicrosoftTeams-image-20.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/03\/MicrosoftTeams-image-20.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":253795,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/09\/07\/new-york-new-guidance-on-pass-through-entity-tax\/","url_meta":{"origin":246380,"position":1},"title":"New York | New guidance on Pass through Entity Tax","author":"Prachi Bhardwaj","date":"September 7, 2021","format":false,"excerpt":"New York Department of Tax and Finance has issued a new guidance on Pass through Entity Tax on August 25, 2021. The PTET is tax that partnerships or New York S corporations may annually elect to pay on certain income for tax years beginning on or after January 1, 2021.\u2026","rel":"","context":"In &quot;Foreign Legislation&quot;","block_context":{"text":"Foreign Legislation","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/foreign\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/tax.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/tax.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/tax.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/tax.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/tax.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":231463,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/06\/27\/dme-ip-university-webinar-on-macroeconomic-implications-of-covid-19-and-the-way-ahead\/","url_meta":{"origin":246380,"position":2},"title":"DME IP University| Webinar on &#8220;Macroeconomic implications of COVID- 19 and the way ahead&#8221;","author":"Bhumika Indulia","date":"June 27, 2020","format":false,"excerpt":"Delhi Metropolitan Education (DME)\u00a0(IP University) Noida, is organising an online panel discussion on\u00a0\u201cMacroeconomic implications of COVID- 19 and the way ahead\"\u00a0which\u00a0is scheduled on Saturday 4th July 2020 between\u00a011:00 am to 12.30 pm. Delhi Metropolitan Education\u00a0is a Premier educational institute, affiliated to Guru Gobind Singh Indraprastha University (GGSIPU). DME\u00a0imparts\u00a0education in the\u2026","rel":"","context":"In &quot;Law School News&quot;","block_context":{"text":"Law School News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/lawschoolnews\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2020\/06\/Webinar_DME.jpeg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2020\/06\/Webinar_DME.jpeg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2020\/06\/Webinar_DME.jpeg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2020\/06\/Webinar_DME.jpeg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":227245,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/03\/18\/self-assessment-of-agr-payments-is-a-sheer-contempt-sc\/","url_meta":{"origin":246380,"position":3},"title":"Self-assessment of AGR payments is a sheer contempt: SC","author":"Prachi Bhardwaj","date":"March 18, 2020","format":false,"excerpt":"Supreme Court: A bench headed by Arun Mishra, J pulled up the Central government which had filed a petition seeking staggered payment of adjusted gross revenues (AGR) dues by telecom companies. 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The internet, mobile devices, big data, computer algorithms, and other technologies are impacting the way we borrow, make payments, and manage our money. These technologies are\u2026","rel":"","context":"In &quot;Conference\/Seminars\/Lectures&quot;","block_context":{"text":"Conference\/Seminars\/Lectures","link":"https:\/\/www.scconline.com\/blog\/post\/category\/lawschoolnews\/conference_seminars_lectures\/"},"img":{"alt_text":"consumer protection","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/08\/consumer-protection.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/08\/consumer-protection.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/08\/consumer-protection.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/08\/consumer-protection.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":245161,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/03\/06\/usa-new-guidance-on-continuation-of-relief-for-employee-benefit-plans-and-plan-participants-and-beneficiaries-due-to-the-covid-19-novel-coronavirus-outbreak\/","url_meta":{"origin":246380,"position":5},"title":"USA | New Guidance on Continuation of Relief for Employee Benefit Plans and Plan Participants and Beneficiaries Due to the COVID-19 (Novel Coronavirus) Outbreak","author":"Prachi Bhardwaj","date":"March 6, 2021","format":false,"excerpt":"The Department of Labor (DOL), the Department of the Treasury, and the Internal Revenue Service (IRS) issued notices providing guidance on the duration of the COVID-19-related relief provided by Employee Benefits Security Administration (EBSA) Disaster Relief Notice 2020-01 (\u201cNotice 2020-01\u201d) and the Notice of Extension of Certain Timeframes for Employee\u2026","rel":"","context":"In &quot;Hot Off The Press&quot;","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/03\/usa.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/03\/usa.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/03\/usa.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/03\/usa.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/03\/usa.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/246380","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/121"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=246380"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/246380\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/246381"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=246380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=246380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=246380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}