Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
May 25, 2010 |
held for consideration in consumer affairs and protection |
Jan 06, 2010 |
referred to consumer affairs and protection |
Apr 14, 2009 |
referred to consumer affairs and protection |
Assembly Bill A7555
2009-2010 Legislative Session
Sponsored By
ORTIZ
Archive: Last Bill Status - In Assembly 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
co-Sponsors
Sandy Galef
Harvey Weisenberg
Annette Robinson
Crystal Peoples-Stokes
multi-Sponsors
Thomas Alfano
Robert Barra
Jonathan Bing
Kevin Cahill
2009-A7555 (ACTIVE) - Details
2009-A7555 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7555 2009-2010 Regular Sessions I N A S S E M B L Y April 14, 2009 ___________ Introduced by M. of A. ORTIZ, GALEF, GREENE, WEISENBERG, ROBINSON, PEOPLES -- Multi-Sponsored by -- M. of A. ALFANO, BARRA, BING, CAHILL, CLARK, FARRELL, GOTTFRIED, HOOPER, MAYERSOHN, MILLMAN -- read once and referred to the Committee on Consumer Affairs and Protection AN ACT to amend the general business law, in relation to the expiration or diminishing in value of gift certificates or store credits THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 396-i of the general business law, as amended by chapter 170 of the laws of 2004, subdivisions 2-a, 3, 3-a, 3-b, 3-c and 5 as amended and subdivision 6 as added by chapter 507 of the laws of 2004, is amended to read as follows: S 396-i. Acceptance of [unexpired] gift certificates. 1. For the purposes of this section, "gift certificate" shall mean a written prom- ise or electronic payment device that: (i) is usable at a single merchant or an affiliated group of merchants that share the same name, mark, or logo, or is usable at multiple, unaffiliated merchants or service providers; and (ii) is issued in a specified amount; and (iii) may or may not be increased in value or reloaded; and (iv) is purchased and/or loaded on a prepaid basis for the future purchase or delivery of any goods or services; and (v) is honored upon presentation. Gift certificate shall not include an electronic payment device linked to a deposit account, or prepaid telephone calling cards regulated under section ninety-two-f of the public service law. Gift certificate also shall not include flexible spending arrangements as defined in Section 106(c)(2) of the Internal Revenue Code, 26 U.S.C. S 106(c)(2); flexible spending accounts subject to Section 125 of the Internal Revenue Code, 26 U.S.C. S 125; Archer MSAs as defined in Section 220(d) of the Inter- nal Revenue Code, 26 U.S.C. S 220(d); dependent care reimbursement accounts subject to Section 129 of the Internal Revenue Code, 26 U.S.C. S 129; health savings accounts subject to Section 223(d) of the Internal Revenue Code, 26 U.S.C. S 223(d), as amended by Section 1201 of the Medicare Prescription Drug, Improvement, and Modernization Act of 2003, Pub. L. No. 108-173; or similar accounts from which, under the Internal
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