| Assembly Actions - Lowercase Senate Actions - UPPERCASE |
|
|---|---|
| May 15, 2012 | referred to ways and means delivered to assembly passed senate |
| May 14, 2012 | advanced to third reading |
| May 09, 2012 | 2nd report cal. |
| May 08, 2012 | 1st report cal.731 |
| Apr 18, 2012 | reported and committed to finance |
| Jan 04, 2012 | referred to investigations and government operations returned to senate died in assembly |
| Jun 16, 2011 | referred to ways and means delivered to assembly passed senate |
| Jun 14, 2011 | ordered to third reading cal.1242 |
| Jun 13, 2011 | committee discharged and committed to rules |
| Jun 07, 2011 | reported and committed to finance |
| May 02, 2011 | referred to investigations and government operations |
senate Bill S4943
2011-2012 Legislative Session
Sponsored By
Catharine Young
(R, C, IP) 57th Senate District
Archive: Last Bill Status -
- Introduced
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
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Actions
Votes
Co-Sponsors
Michael H. Ranzenhofer
(R, C, IP) 61st Senate District
S4943 - Details
- See Assembly Version of this Bill:
- A8129
- Law Section:
- Tax Law
- Laws Affected:
- Amd ยง1138, Tax L
S4943 - Sponsor Memo
BILL NUMBER:S4943 TITLE OF BILL: An act to amend the tax law, in relation to the determination of sales and compensating use taxes due PURPOSE: This bill would require that any external economic indices used by the Department of Taxation and Finance in estimating sales tax payments due must utilize regional economic indices to reflect the wide variation of the costs of goods and services sold throughout the state. SUMMARY OF PROVISIONS: This bill would amend subdivision (a) of section 1138 of the tax law by adding a new paragraph (5) to require that whenever the Commissioner of Taxation and Finance is determining the amount of sales t.ax owed, in instances in where a required sales tax filing has not been made or there has been an incorrect or insufficient sales tax payment, the Commissioner must utilize a regional economic index to estimating the correct tax payment to be made. JUSTIFICATION: New York State has hired hundreds of new auditors over the past few years and unleashed them on unsuspecting taxpayers. Thousands of retail merchants across the state have been subject to new audit
S4943 - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
4943
2011-2012 Regular Sessions
I N S E N A T E
May 2, 2011
___________
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 the determination of sales
and compensating use taxes due
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Subdivision (a) of section 1138 of the tax law is amended
by adding a new paragraph 5 to read as follows:
(5) WHENEVER A RETURN REQUIRED BY THIS ARTICLE IS NOT FILED, OR IF A
RETURN WHEN FILED IS INCORRECT OR INSUFFICIENT, AND THE AMOUNT OF TAX
DUE IS DETERMINED BY THE COMMISSIONER FROM SUCH INFORMATION AS MAY BE
AVAILABLE PURSUANT TO PARAGRAPH ONE OF THIS SUBDIVISION, ANY EXTERNAL
INDICES USED TO ESTIMATE THE TAX DUE SHALL REFLECT THE LOCAL ECONOMIC
CONDITIONS.
S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD11110-01-1
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