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Assembly Bill A6188

2009-2010 Legislative Session

Establishes certain requirements apply to rebates of a total value of greater than fifty dollars

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Archive: Last Bill Status - In Assembly Committee

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2009-A6188 (ACTIVE) - Details

Current Committee:
Assembly Consumer Affairs And Protection
Law Section:
General Business Law
Laws Affected:
Amd ยง391-p, Gen Bus L

2009-A6188 (ACTIVE) - Summary

Establishes certain requirements apply to rebates of a total value of greater than fifty dollars.

2009-A6188 (ACTIVE) - Bill Text download pdf 

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

                                  6188

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                            February 26, 2009
                               ___________

Introduced  by  M.  of  A.  SCHIMMINGER -- read once and referred to the
  Committee on Consumer Affairs and Protection

AN ACT to amend the general business law, in relation to rebates

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

  Section 1. Subdivision 1 of section 391-p of the general business law,
as  added  by  chapter  574  of  the laws of 2005, is amended to read as
follows:
  1. For the purposes of this section, the term "rebate" shall  mean  an
offer  to  provide cash, credit, or credit towards future purchases OF A
TOTAL VALUE OF GREATER THAN FIFTY DOLLARS, that is offered to  consumers
who  acquire  or  purchase  a  specified  product or service and that is
conditioned upon the customer submitting a request for redemption  after
satisfying  the  terms  and  conditions of the offer. The term shall not
include any discount from the purchase price that is taken at  the  time
of  purchase,  any  discount,  cash,  credit, or credit towards a future
purchase that is automatically provided to a consumer without  the  need
to submit a request for redemption, or any refund that may be given to a
consumer  in  accordance with a company's return, guarantee, adjustment,
or warranty policies, or any company's frequent shopper customer  reward
program.
  S 2. This act shall take effect immediately.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08938-01-9

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