|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Apr 13, 2020||referred to budget and revenue|
senate Bill S8166
Current Bill Status - In Senate Committee Budget And Revenue Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S8166 (ACTIVE) - Details
- See Assembly Version of this Bill:
- Law Section:
- Tax Law
- Laws Affected:
- Amd §1105, Tax L; add §78-c, St Fin L; add §683-c, Ed L
S8166 (ACTIVE) - Sponsor Memo
BILL NUMBER: S8166 SPONSOR: THOMAS TITLE OF BILL: An act to amend the tax law and the state finance law, in relation to sales tax on digital advertising; to amend the education law, in relation to zero interest undergraduate loan refinancing; and providing for the repeal of such provisions upon the expiration thereof PURPOSE OR GENERAL IDEA OF BILL: The purpose of this bill is to create a tax on digital advertising that will fund a zero interest student loan refinancing program within the higher education services corporation (HESC). SUMMARY OF PROVISIONS: Section one amends the tax law to create a sales tax on digital adver- tising.
S8166 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8166 I N S E N A T E April 13, 2020 ___________ Introduced by Sen. THOMAS -- read twice and ordered printed, and when printed to be committed to the Committee on Budget and Revenue AN ACT to amend the tax law and the state finance law, in relation to sales tax on digital advertising; to amend the education law, in relation to zero interest undergraduate loan refinancing; and provid- ing for the repeal of such provisions upon the expiration thereof THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision (c) of section 1105 of the tax law is amended by adding a new paragraph 1-a to read as follows: (1-A) NOTWITHSTANDING THE PROVISIONS OF PARAGRAPH ONE OF THIS SUBDIVI- SION, THE RECEIPTS FROM EVERY SALE, EXCEPT FOR RESALE, OF DIGITAL ADVER- TISING SERVICES. FOR PURPOSES OF THIS PARAGRAPH: (I) "DIGITAL ADVERTISING SERVICES" MEANS ADVERTISEMENT SERVICES ON A DIGITAL INTERFACE, INCLUDING ADVERTISEMENTS IN THE FORM OF BANNER ADVER- TISING, SEARCH ENGINE ADVERTISING, INTERSTITIAL ADVERTISING, AND OTHER COMPARABLE ADVERTISING SERVICES WHICH MARKETS OR PROMOTES A PARTICULAR GOOD, SERVICE, OR POLITICAL CANDIDATE OR MESSAGE. (II) "DIGITAL INTERFACE" MEANS ANY TYPE OF SOFTWARE, INCLUDING A WEBSITE, PART OF A WEBSITE, OR APPLICATION, THAT A USER IS ABLE TO ACCESS. (III) "USER" MEANS AN INDIVIDUAL OR ANY OTHER PERSON WHO ACCESSES A DIGITAL INTERFACE WITH A DEVICE. ALL REVENUE RECEIVED FROM THE IMPOSITION OF THIS TAX SHALL BE DEPOSIT- ED INTO THE DIGITAL ADVERTISING SERVICES TAX REVENUE FUND ESTABLISHED PURSUANT TO SECTION SEVENTY-EIGHT-C OF THE STATE FINANCE LAW. § 2. The state finance law is amended by adding a new section 78-c to read as follows: § 78-C. DIGITAL ADVERTISING SERVICES TAX REVENUE FUND. 1. THERE IS HEREBY CREATED AND ESTABLISHED IN THE SOLE CUSTODY OF THE STATE COMP- TROLLER A SPECIAL FUND TO BE KNOWN AS THE DIGITAL ADVERTISING SERVICES TAX REVENUE FUND WHICH SHALL BE FOR THE EXCLUSIVE BENEFIT OF PROVIDING ZERO INTEREST REFINANCING OF ELIGIBLE EDUCATION LOANS BY THE HIGHER EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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