A7611A-2011 Actions

• Jun 19, 2012: held for consideration in ways and means
• Jan 18, 2012: print number 7611a
• Jan 18, 2012: amend and recommit to ways and means
• Jan 4, 2012: referred to ways and means
• May 11, 2011: referred to ways and means

A7611A-2011 Text

 S T A T E   O F   N E W   Y O R K
 
 7611--A
 2011-2012 Regular Sessions
 I N  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

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