New York State Assembly

 
•  Summary 
 
•  Actions 
 
•  Floor Votes 
 
•  Memo 
 
•  Text 

A07557 Summary:

A07557 Actions:

A07557 Floor Votes:

A07557 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          7557
 
                               2013-2014 Regular Sessions
 
                   IN ASSEMBLY
 
                                      May 23, 2013
                                       ___________
 
        Introduced  by M. of A. FARRELL -- read once and referred to the Commit-
          tee on Ways and Means
 
        AN ACT to amend the tax law, in relation to information returns relating
          to payments made in settlement of payment card and third party network
          transactions
 
          The People of the State of New York, represented in Senate and  Assem-

        bly, do enact as follows:
 
     1    Section  1.  Paragraph (c) of subdivision 1 of section 1703 of the tax
     2  law, as added by section 1 of part E of chapter 57 of the laws of  2010,
     3  is amended to read as follows:
     4    (c)  Any  information  received  by  the  department on an information
     5  return filed pursuant to this section, concerning a person  who  is  not
     6  subject to tax in New York, or is not subject to any requirement imposed
     7  by  or pursuant to the authority of this chapter, may not be used by the
     8  department. The department shall not redisclose any information received
     9  on an information return filed pursuant to this section, except that  it
    10  may disclose to the commissioner of finance of the city of New York, for
    11  the  purpose  of the administration of laws relating to taxes or charges

    12  collected by the commissioner of finance of the city of New York, infor-
    13  mation received on such returns concerning any person or entity  with  a
    14  New  York  city  address  or that is a New York city taxpayer or that is
    15  required to pay New York city taxes and/or charges or that is subject to
    16  any reporting requirement pursuant to New York city tax laws.
    17    § 2.  This act shall take effect immediately.
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD10824-01-3