Senate Bill S4963

2017-2018 Legislative Session

Relates to a study on requiring credit card companies to collect certain taxes

download bill text pdf

Sponsored By

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

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2017-S4963 (ACTIVE) - Details

Current Committee:
Senate Investigations And Government Operations
Law Section:
Taxation
Versions Introduced in Other Legislative Sessions:
2011-2012: S5310
2013-2014: S150
2015-2016: S237

2017-S4963 (ACTIVE) - Summary

Relates to a study on requiring credit card companies to collect certain taxes and requires the results of the study to be submitted to the legislature.

2017-S4963 (ACTIVE) - Sponsor Memo

2017-S4963 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4963
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                               March 3, 2017
                                ___________
 
 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. 1.
 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, 2019.
   § 2. This act shall take effect immediately.
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD07206-01-7

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