Bill Text: NY A06188 | 2009-2010 | General Assembly | Introduced

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Bill Title: An act to amend the general business law, in relation to rebates

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2010-01-06 - referred to consumer affairs and protection [A06188 Detail]

Download: New_York-2009-A06188-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         6188
                              2009-2010 Regular Sessions
                                 I N  A S S E M B L Y
                                   February 26, 2009
                                      ___________
       Introduced  by  M.  of  A.  SCHIMMINGER -- read once and referred to the
         Committee on Consumer Affairs and Protection
       AN ACT to amend the general business law, in relation to rebates
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Subdivision 1 of section 391-p of the general business law,
    2  as  added  by  chapter  574  of  the laws of 2005, is amended to read as
    3  follows:
    4    1. For the purposes of this section, the term "rebate" shall  mean  an
    5  offer  to  provide cash, credit, or credit towards future purchases OF A
    6  TOTAL VALUE OF GREATER THAN FIFTY DOLLARS, that is offered to  consumers
    7  who  acquire  or  purchase  a  specified  product or service and that is
    8  conditioned upon the customer submitting a request for redemption  after
    9  satisfying  the  terms  and  conditions of the offer. The term shall not
   10  include any discount from the purchase price that is taken at  the  time
   11  of  purchase,  any  discount,  cash,  credit, or credit towards a future
   12  purchase that is automatically provided to a consumer without  the  need
   13  to submit a request for redemption, or any refund that may be given to a
   14  consumer  in  accordance with a company's return, guarantee, adjustment,
   15  or warranty policies, or any company's frequent shopper customer  reward
   16  program.
   17    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD08938-01-9