What's happening
Writing a plain-English summary… Track this bill to get it by email.
Why it matters
Albany, before your first meeting.
Every bill that moved yesterday, summarized in a sentence and ranked by impact. The Albany Scorecard follows on Sundays.
Free. Unsubscribe in one click. Want alerts on specific bills? Create an account.
Who cares
Headline styles
Sponsors
No co-sponsors yet.
History
- Reported and committed to finance
- 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:S4992
Title of bill
An act to amend part LL-1 of chapter 57 of the laws of 2008, relating to directing the commissioner of taxation and finance to institute a re-registration program, in relation to prohibiting the New York state department of taxation and finance from charging a vendor re-registration fee; and to amend the tax law, in relation to prohibiting the New York state department of taxation and finance from charging vendors any fees to collect NYS sales tax
Purpose
To prohibit the New York state department of taxation and finance from charging a fee for applications for a certificate of registration pursuant to a re-registration program.
Summary of provisions
Section one amends Section1 of part LL-1 of chapter 57 of the laws of 2008 to eliminate the re-registration fee required to be paid by those people required to file sales and compensating use tax returns.
Section two amends paragraph 5 of subdivision (a) of section 1134 of the tax law to prohibit the New York State Department of Taxation and Finance from charging vendors any fees to collect New York State sales tax.
Section three establishes the effective date.
Justification
New York State must become more business friendly by providing businesses with opportunities to succeed. The 2008 "Vendor Registration Fee is another disincentive to own and operate a business in New York State. The original certificate of registration to collect sales tax for the New York State Department of Taxation and Finance was issued to businesses with no fees and no expiration date. Business in the state should not have to pay for the privilege of collecting state sales tax. The current law does not indicate that this is a one-time fee and many business owners are leery that this will become another revenue stream for the state on an ongoing basis and fees could increase as time goes on. This bill would prevent the New York State Department of Taxation and Finance from charging a registration fee for vendors to collect sales tax.
Legislative history
This is a new bill.
Fiscal implications
More businesses and sales tax collected in New York State.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.