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History
- Referred to ways and means
- Delivered to assembly
- Passed senateVote 59–0
- Amended on third reading 5268a
- Advanced to third reading
- 2nd report cal.
- 1st report cal.432
- Referred to investigations and government operations
- Returned to senate
- Died in assembly
- Referred to ways and means
- Delivered to assembly
Show 5 earlier actions
- Passed senateVote 63–0
- Advanced to third reading
- 2nd report cal.
- 1st report cal.842
- 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.
Exempts certain wineries from the requirement to file annual information returns
In Assembly Committee · Ways And Means · Sponsor Fred Thiele
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S5268A
Title of bill
An act to amend the tax law, in relation to exempting certain wineries from the requirement to file annual information returns
Purpose
This bill exempts non-farm wineries who produce less than 150,000 gallons annually from filing annual information returns regarding their transactions with sales tax vendors.
Summary of provisions
Amends chapter 108 of the Laws of 2012 by adding language to exempt limited production wineries from filing annual information returns regarding their transactions with sales tax vendors.
Justification
The 2009-10 Revenue Budget Bill (Chapter 57 of the Laws of 2009) enacted various tax compliance initiatives. One of the initiatives mandates the filing of annual information returns by certain third parties that do business with sales tax vendors. Information that needs to be reported include general information (such as vendor's name, phone number etc) and more labor intensive information, such as total monthly sales amounts to each vendor exclusive of total amounts for deposit and returns. In order to complete these information returns, valuable time and resources will be needed to compile and submit it on time. In 2012, farm wineries were exempted from this requirement but non- farm wineries are still burdened by this section of law. This bill would give small non-farm wineries the same exemption from filing.
Legislative history
New bill.
Fiscal implications
None to the State.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.