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Sponsors
1 Co-sponsor
History
- Print number 150a
- Amend and recommit to investigations and government operations
- Referred to investigations and government operations
- Referred to investigations and government operations
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Relates to a study on requiring credit card companies to collect certain taxes
In Assembly Committee · Ways And Means · Sponsor Marcos Crespo
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S150A
Title of bill
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
Purpose
To require the Commissioner of Taxation and Finance to conduct a study regarding the steps necessary for issuers of credit and debit cards to submit sales and use taxes directly to the commissioner.
Summary of provisions
Section 1. Authorizes and directs the commissioner of taxation to conduct a study on requiring issuers of credit and debit cards to pay and collect sales and use taxes and to pay such taxes directly to the commissioner. Describes the contents of such study. Requires such study to be submitted to the legislature on or before April 15, 2016.
Section 2. Effective Date
Justification
A major source of failure to comply with New York State sales taxes being remitted to the State from vendors who collect such taxes from their customers, is the current system which relies solely upon the thousands of vendors to voluntarily remit such sales taxes. However, the companies that issue credit and debit cards have continuously opposed any attempts to change the current system.
This bill would require the Commissioner of Taxation and Finance to conduct a study of the current system, methods to improve the collection of sales taxes, the technology that would be required to implement a system of direct payment and the cost of implementing such a system.
Legislative history
2013: S.150 - Referred to Investigations and Government Operations/A.4406 - Referred to Ways and Means 2012: S.5310-A - Amend and recommit to Investigations and Government Operations/A.7611-A - Held for Consideration in Ways and Means 2011 - S.5310 - Referred to Investigations and Government Operations/A.7611 Referred to Ways and Means
Fiscal implications
To be determined.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.