Bill Text: NY S00150 | 2013-2014 | General Assembly | Introduced

New York Senate Bill 150 (Prior Session Legislation)

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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 2-0)

Status: (Introduced - Dead) 2014-01-17 - PRINT NUMBER 150A [S00150 Detail]

Download: New_York-2013-S00150-Introduced.html

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                          150
                              2013-2014 Regular Sessions
                                   I N  S E N A T E
                                      (PREFILED)
                                    January 9, 2013
                                      ___________
       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:
    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, 2015.
   15    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD00968-01-3