Bill Text: NY A06756 | 2015-2016 | General Assembly | Amended

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Bill Title: 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.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2016-04-07 - print number 6756a [A06756 Detail]

Download: New_York-2015-A06756-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                         6756--A
                               2015-2016 Regular Sessions
                   IN ASSEMBLY
                                      April 1, 2015
                                       ___________
        Introduced by M. of A. CRESPO -- read once and referred to the Committee
          on Ways and Means -- recommitted to the Committee on Ways and Means in
          accordance  with Assembly Rule 3, sec. 2 -- committee discharged, bill
          amended, ordered reprinted as amended and recommitted to said  commit-
          tee
        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:
     1    Section 1. Study on credit card companies collecting certain taxes. 1.
     2  The  commissioner  of taxation and finance is authorized and directed to
     3  conduct a study on requiring issuers of credit cards and debit cards  to
     4  pay  and collect sales and use taxes and pay such taxes directly to such
     5  commissioner.
     6    2. Such study shall include but not be limited to an investigation  of
     7  the  current system which relies solely upon the thousands of vendors to
     8  voluntarily remit such sales taxes, methods to improve the collection of
     9  sales taxes from credit card and debit card issuers, the technology that
    10  would be required to implement a system of direct payment to the commis-
    11  sioner of taxation and finance, and the  cost  of  implementing  such  a
    12  system.
    13    3. Such study shall be submitted to the legislature on or before April
    14  15, 2018.
    15    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD00165-03-6