Bill Text: NY S04963 | 2017-2018 | General Assembly | Introduced

New York Senate Bill 4963 (Prior Session Legislation)

Introduced

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) 2017-03-03 - REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS [S04963 Detail]

Download: New_York-2017-S04963-Introduced.html



                STATE OF NEW YORK
        ________________________________________________________________________
                                          4963
                               2017-2018 Regular Sessions
                    IN SENATE
                                      March 3, 2017
                                       ___________
        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, 2019.
    15    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD07206-01-7