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STATE OF NEW YORK
________________________________________________________________________

7611--A

2011-2012 Regular Sessions

IN ASSEMBLY

May 11, 2011
___________

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:

  Section  1.  Study  on credit card companies collecting certain taxes.
The commissioner of taxation and finance is authorized and  directed  to
conduct  a study on requiring issuers of credit cards and debit cards to
pay and collect sales and use taxes and pay such taxes directly to  such
commissioner.
  2.  Such study shall include but not be limited to an investigation of
the current system which relies solely upon the thousands of vendors  to
voluntarily remit such sales taxes, methods to improve the collection of
sales taxes from credit card and debit card issuers, the technology that
would be required to implement a system of direct payment to the commis-
sioner  of  taxation  and  finance,  and the cost of implementing such a
system.
  3. Such study shall be submitted to the legislature on or before April
15, 2013.
  S 2. This act shall take effect immediately.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11104-03-1