senate Bill S150

Amended

Relates to a study on requiring credit card companies to collect certain taxes

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Bill Status


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor
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actions

  • 09 / Jan / 2013
    • REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
  • 08 / Jan / 2014
    • REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
  • 17 / Jan / 2014
    • AMEND AND RECOMMIT TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
  • 17 / Jan / 2014
    • PRINT NUMBER 150A

Summary

Relates to a study on requiring credit card companies to collect certain taxes and requires the results of the study to be submitted to the legislature.

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Bill Details

See Assembly Version of this Bill:
A4066
Versions:
S150
S150A
Legislative Cycle:
2013-2014
Current Committee:
Senate Investigations And Government Operations
Law Section:
Taxation
Versions Introduced in 2011-2012 Legislative Cycle:
S5310, S5310A, A7611A

Sponsor Memo

BILL NUMBER:S150

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, 2015.

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:
2012: S.5310A - Amend and recommit to Investigations and
Government Operations/A.7611A - 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.

view bill text
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                   150

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 9, 2013
                               ___________

Introduced  by  Sen.  DIAZ  --  read twice and ordered printed, and when
  printed to be committed to the Committee on Investigations and Govern-
  ment Operations

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

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Study on credit card companies collecting certain taxes. 1.
The commissioner of taxation and finance is authorized and  directed  to
conduct  a study on requiring issuers of credit cards and debit cards to
pay and collect sales and use taxes and pay such taxes directly to  such
commissioner.
  2.  Such study shall include but not be limited to an investigation of
the current system which relies solely upon the thousands of vendors  to
voluntarily remit such sales taxes, methods to improve the collection of
sales taxes from credit card and debit card issuers, the technology that
would be required to implement a system of direct payment to the commis-
sioner  of  taxation  and  finance,  and the cost of implementing such a
system.
  3. Such study shall be submitted to the legislature on or before April
15, 2015.
  S 2. This act shall take effect immediately.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00968-01-3

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