Bill Text: NY S00150 | 2013-2014 | General Assembly | Amended

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Bill Title: Relates to a study on requiring credit card companies to collect certain taxes and requires the results of the study to be submitted to the legislature.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Introduced - Dead) 2014-01-17 - PRINT NUMBER 150A [S00150 Detail]

Download: New_York-2013-S00150-Amended.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                        150--A
                              2013-2014 Regular Sessions
                                   I N  S E N A T E
                                      (PREFILED)
                                    January 9, 2013
                                      ___________
       Introduced by Sens. DIAZ, SAMPSON -- read twice and ordered printed, and
         when  printed  to  be committed to the Committee on Investigations and
         Government Operations -- recommitted  to  the  Committee  on  Investi-
         gations  and  Government  Operations in accordance with Senate Rule 6,
         sec. 8 -- committee discharged, bill  amended,  ordered  reprinted  as
         amended and recommitted to said committee
       AN  ACT  requiring the commissioner of taxation and finance to conduct a
         study on requiring issuers of credit cards and debit cards to pay  and
         collect  sales  and  use  taxes and to pay such taxes directly to such
         commissioner
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Study on credit card companies collecting certain taxes. 1.
    2  The  commissioner  of taxation and finance is authorized and directed to
    3  conduct a study on requiring issuers of credit cards and debit cards  to
    4  pay  and collect sales and use taxes and pay such taxes directly to such
    5  commissioner.
    6    2. Such study shall include but not be limited to an investigation  of
    7  the  current system which relies solely upon the thousands of vendors to
    8  voluntarily remit such sales taxes, methods to improve the collection of
    9  sales taxes from credit card and debit card issuers, the technology that
   10  would be required to implement a system of direct payment to the commis-
   11  sioner of taxation and finance, and the  cost  of  implementing  such  a
   12  system.
   13    3. Such study shall be submitted to the legislature on or before April
   14  15, 2016.
   15    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD00968-02-4