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.
STATE OF NEW YORK
________________________________________________________________________
150--A
2013-2014 Regular Sessions
IN SENATE(Prefiled)
January 9, 2013
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Introduced by Sens. DIAZ, SAMPSON -- read twice and ordered printed, and
when printed to be committed to the Committee on Investigations and
Government Operations -- recommitted to the Committee on Investi-
gations 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. 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, 2016.
15 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD00968-02-4
