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.
ยง 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