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History
- Referred to consumer protection
- Referred to consumer protection
Companion bill
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Requires retailer rebates to be provided by the retailer to a consumer at the time of purchase
In Assembly Committee · Consumer Affairs And Protection · Sponsor Jeffrey Dinowitz
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S1939 REVISED 1/24/13
Title of bill
An act to amend the general business law, in relation to requirements for rebates provided by retailers
Purpose
This legislation would require a rebate when offered solely by a retail establishment to be paid at the time of purchase in a manner of the choosing of the retailer.
Summary of specific provisions
Section 1 adds a new section, 391-s to the General Business Law, It defines "rebate" and "manufacture's rebate" and would require that a rebate offered and financed directly by a retailer to be provided at the time of purchase in a manner of the choosing of the retailer. The section also provides for a civil penalty of $ 100 for each violation.
Justification: Many companies apply rebates as a way of enticing customers to purchase items While no consumer can argue with being offered a discount on a product, companies know that a consumer is significantly less likely to apply for a rebate. Further the rebate process is often cumbersome and consumers often give up, or erroneously fill out the proper forms and are summarily rejected for the rebate. If a company's true intention is to incentive a purchase by offering a discount, then such discount should be applied immediately.
This legislation which applies solely when a rebate is offered and financed by a retailer would require that the rebate is paid at the time of the purchase in a manner chosen by the retailer; for example with a direct price reduction, or a gift certificate or gift card. This legis- lation would add no actual cost to the retailer and prevent consumers from not receiving the savings they were offered in the first place.
Prior legislative history
2011-12- A10173-Referred to Consumer Protection/S.61.85- Advanced to 3rd Reading Calendar 2009-10- A 5472- Referred to Consumer Protection/S.2358- Referred to Consumer Protection 2007-08- A.4922- Referred to Consumer Protection/ S.2716- Referred to Consumer Protection 2005-06- A.4557- Referred to Consumer Protection/S.2267- Referred to Consumer Protection 2003-04- A.9682- Referred to Consumer Protection/S .6003- Referred to Consumer Protection
Fiscal implications
None to the State.
Effective date
The first of September next succeeding the date on which it shall have become law.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.