Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
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Jan 06, 2016 |
referred to investigations and government operations |
Jan 21, 2015 |
referred to investigations and government operations |
Senate Bill S1977
2015-2016 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Senate Committee Investigations And Government Operations Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
2015-S1977 (ACTIVE) - Details
2015-S1977 (ACTIVE) - Sponsor Memo
BILL NUMBER:S1977 TITLE OF BILL: An act to amend the tax law, in relation to establishing the recordkeeping voluntary compliance program for purposes of sales tax liability PURPOSE: This bill would adds a new section 1135-a to the tax law to require the establishment of a sales tax recordkeeping voluntary compliance program which will provide an incentive for taxpayers to facilitate and modernize their recordkeeping ability for purposes of complying with the state sales tax law. SUMMARY OF PROVISIONS: Section 1: Adds a new section 1135-a to the tax law to require that the Commissioner of Taxation and Finance develop and administer a voluntary recordkeeping sales tax compliance program which would allow the Commissioner to enter into agreements with eligible taxpayers and require that they maintain books and records for purposes of complying with the sales tax in the future which may include, but is not limited to the use of a point of sale system. Section 2: Adds a new tax law section 1138 to provide that a taxpayer who is a party to a recordkeeping voluntary compliance agreement may
2015-S1977 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1977 2015-2016 Regular Sessions I N S E N A T E January 21, 2015 ___________ Introduced by Sen. YOUNG -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations AN ACT to amend the tax law, in relation to establishing the recordkeep- ing voluntary compliance program for purposes of sales tax liability THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The tax law is amended by adding a new section 1135-a to read as follows: S 1135-A. RECORDKEEPING VOLUNTARY COMPLIANCE PROGRAM. 1. NOTWITH- STANDING ANY OTHER PROVISION OF LAW TO THE CONTRARY, THERE SHALL BE ESTABLISHED A RECORDKEEPING VOLUNTARY COMPLIANCE PROGRAM TO BE ADMINIS- TERED BY THE COMMISSIONER, FOR ALL ELIGIBLE TAXPAYERS. 2. FOR PURPOSES OF THIS SECTION, AN "ELIGIBLE TAXPAYER" IS AN INDIVID- UAL, PARTNERSHIP, ESTATE, TRUST, CORPORATION, LIMITED LIABILITY COMPANY, JOINT STOCK COMPANY, OR ANY OTHER COMPANY, TRUSTEE, RECEIVER, ASSIGNEE, REFEREE, SOCIETY, ASSOCIATION, BUSINESS OR ANY OTHER PERSON SUBJECT TO SALES TAX IMPOSED BY OR PURSUANT TO THE AUTHORITY OF THIS CHAPTER. 3. THE COMMISSIONER IS AUTHORIZED TO ENTER INTO A RECORDKEEPING VOLUN- TARY COMPLIANCE AGREEMENT WITH AN ELIGIBLE TAXPAYER. A RECORDKEEPING VOLUNTARY COMPLIANCE AGREEMENT SHALL BE IN A FORM TO BE ESTABLISHED BY THE COMMISSIONER AND INCLUDE SUCH TERMS AS THE COMMISSIONER MAY REASON- ABLY REQUIRE TO REQUIRE THE ELIGIBLE TAXPAYER TO MAINTAIN BOOKS AND RECORDS IN A FORM PURSUANT TO SECTION ELEVEN HUNDRED THIRTY-FIVE OF THIS PART AND TO COMPLY WITH THIS CHAPTER IN THE FUTURE INCLUDING, BUT NOT LIMITED TO REQUIRING THE USE OF CERTIFIED POINT OF SALES SYSTEMS. S 2. Section 1138 of the tax law is amended by adding a new subdivi- sion (e) to read as follows: (E) NOTWITHSTANDING ANY OTHER PROVISION OF LAW TO THE CONTRARY, A TAXPAYER THAT IS A PARTY TO A RECORDKEEPING VOLUNTARY COMPLIANCE AGREE- MENT PURSUANT TO SECTION ELEVEN HUNDRED THIRTY-FIVE-A OF THIS PART SHALL EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD06027-01-5
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