Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 05, 2012 |
print number 5310a |
Jan 05, 2012 |
amend and recommit to investigations and government operations |
Jan 04, 2012 |
referred to investigations and government operations |
May 04, 2011 |
referred to investigations and government operations |
Senate Bill S5310
2011-2012 Legislative Session
Sponsored By
(D) 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
Bill Amendments
2011-S5310 - Details
2011-S5310 - Sponsor Memo
BILL NUMBER:S5310 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, 2012. 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
2011-S5310 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5310 2011-2012 Regular Sessions I N S E N A T E May 4, 2011 ___________ 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. The commissioner of taxation 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 commis- sioner. 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, 2012. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11104-01-1
2011-S5310A (ACTIVE) - Details
2011-S5310A (ACTIVE) - Sponsor Memo
BILL NUMBER:S5310A 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, 2013. 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
2011-S5310A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5310--A 2011-2012 Regular Sessions I N S E N A T E May 4, 2011 ___________ Introduced by Sen. DIAZ -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations -- recommitted to the Committee on Investigations and Government Operations in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee 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. 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, 2013. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11104-02-1
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