Assembly Actions - Lowercase Senate Actions - UPPERCASE |
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Jan 09, 2019 | referred to finance |
senate Bill S971
2019-2020 Legislative Session
Sponsored By
Catharine Young
(R, C, IP) 0 Senate District
Archive: Last Bill Status - In Senate Committee Finance Committee
- Introduced
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
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Actions
Co-Sponsors
Michael H. Ranzenhofer
(R, C, IP) 0 Senate District
S971 (ACTIVE) - Details
- Current Committee:
- Senate Finance
- Law Section:
- Tax Law
- Laws Affected:
- Amd §1138, Tax L
- Versions Introduced in Other Legislative Sessions:
-
2011-2012: S4943
2013-2014: S2710
2015-2016: S3013
2017-2018: S561
S971 (ACTIVE) - Sponsor Memo
BILL NUMBER: S971 SPONSOR: YOUNG TITLE OF BILL: An act to amend the tax law, in relation to the deter- mination 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: Section 1: Amends 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 tax 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
S971 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 971 2019-2020 Regular Sessions I N S E N A T E January 9, 2019 ___________ Introduced by Sens. YOUNG, RANZENHOFER -- read twice and ordered print- ed, and when printed to be committed to the Committee on Finance 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. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD03735-01-9
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