Bill Text: NY S07672 | 2017-2018 | General Assembly | Introduced

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Bill Title: Prohibits compensation for service of auditing a return or report relating to certain taxes on utilities on a contingent fee basis.

Spectrum: Slight Partisan Bill (Republican 3-1)

Status: (Introduced - Dead) 2018-06-20 - COMMITTED TO RULES [S07672 Detail]

Download: New_York-2017-S07672-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          7672
                    IN SENATE
                                    February 6, 2018
                                       ___________
        Introduced  by  Sen.  GRIFFO -- read twice and ordered printed, and when
          printed to be committed to the Committee on  Energy  and  Telecommuni-
          cations
        AN  ACT  to amend the general city law, the village law and the tax law,
          in relation  to  prohibiting  compensation  for  service  of  auditing
          returns or reports relating to certain taxes on utilities on a contin-
          gent basis
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Section 20-b of the general city law is amended by adding a
     2  new undesignated paragraph to read as follows:
     3    A city shall not compensate any person or entity in whole or  in  part
     4  on a contingent fee basis or on any other basis related to the amount of
     5  tax,  interest, or penalty assessed against or collected for the service
     6  of auditing a return or report filed pursuant to, or in compliance with,
     7  any local law authorized pursuant to this section.
     8    § 2. Section 5-530 of the village law  is  amended  by  adding  a  new
     9  subdivision 8 to read as follows:
    10    8.  A village shall not compensate any person or entity in whole or in
    11  part on a contingent fee basis or on any  other  basis  related  to  the
    12  amount  of  tax,  interest, or penalty assessed against or collected for
    13  the service of auditing a return or report  filed  pursuant  to,  or  in
    14  compliance with, any local law authorized pursuant to this section.
    15    §  3.  Section 1201 of the tax law is amended by adding a new subdivi-
    16  sion (n) to read as follows:
    17    (n) Any city in this state having a population of one million or  more
    18  shall  not  compensate  any  person  or  entity in whole or in part on a
    19  contingent fee basis or on any other basis related to the amount of tax,
    20  interest, or penalty assessed against or collected, for the  service  of
    21  auditing  a return or report filed pursuant to, or in compliance with, a
    22  local law authorized pursuant to this section imposing an excise tax  on
    23  the  gross  income or gross operating income of utilities and vendors of
    24  utility services.
    25    § 4. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD14219-01-8