Bill Text: NY S05310 | 2011-2012 | General Assembly | Amended

New York Senate Bill 5310 (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.

Sponsorship: Partisan Bill (Democrat 1)

Status: (Introduced - Dead) 2012-01-05 - PRINT NUMBER 5310A [S05310 Detail]

Download: New_York-2011-S05310-Amended.html

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                        5310--A
                              2011-2012 Regular Sessions
                                   I N  S E N A T E
                                      May 4, 2011
                                      ___________
       Introduced  by  Sen.  DIAZ  --  read twice and ordered printed, and when
         printed to be committed to the Committee on Investigations and Govern-
         ment Operations -- recommitted to the Committee on Investigations  and
         Government  Operations  in  accordance  with  Senate Rule 6, sec. 8 --
         committee discharged, bill amended, ordered reprinted as  amended  and
         recommitted to said committee
       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.
    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, 2013.
   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.
                                                                  LBD11104-02-1