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Who cares
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Sponsors
1 Co-sponsor
History
- Referred to investigations and government operations
- Referred to investigations and government operations
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S3532
Title of bill
An act to repeal section 1 of part R3 of chapter 62 of the laws of 2003 relating to directing the commissioner of taxation and finance to take certain actions to provide for the payment and collection of the compensating use tax imposed by article 28 of the tax law
Purpose
To relieve New York State Taxpayers of the onerous requirement of reporting out-of-state purchases of goods and services.
Summary of provisions
Repeals Article 28 of the tax law.
Justification
The legislation seeks to relieve New York state taxpayers from the undue burden of reporting out-of-state purchases of goods and services for the purpose of paying New York state sales and use, taxes. It is obvious that current reporting rules under Chapter 62 of the laws of 2003 will prove to be both an unbearable nuisance to taxpayers as well as an almost wholly unenforceable requirement. Compounding these issues is the fact that the new requirements will turn taxpayers into unwitting tax evaders and tax preparers into their accomplices. Further, it places upon tax preparers and the tax authorities the untenable role of policing this activity. New York State taxpayers are unaccustomed to the cumbersome task of enumerating their out-of-state purchases on their state income tax return. To arbitrarily require them to do so is a highly impragmatic policy that is next to impossible to implement efficiently. If the State is so desperately in need of additional revenue, it should be derived from a much more stable, reliable, and verifiable base.
Legislative history
04/07/09 REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS 01/06/10 REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
Fiscal implications
To be determined.
Effective date
This act shall take effect immediately and shall apply to taxable years which begin on or after such date.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.