Assembly Bill A7418

2009-2010 Legislative Session

Provides that the buyer of goods or services pays sales tax only on the amount actually paid after the original price has been reduced by any rebate or discount

download bill text pdf

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Archive: Last Bill Status - In Assembly Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2009-A7418 (ACTIVE) - Details

Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd ยง1111, Tax L
Versions Introduced in 2011-2012 Legislative Session:
A7162

2009-A7418 (ACTIVE) - Summary

Provides that the buyer of goods or services pay sales tax only on the amount actually paid after the original price has been reduced by any rebate or discount.

2009-A7418 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  7418

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                              April 6, 2009
                               ___________

Introduced by M. of A. MILLER, TOWNSEND -- read once and referred to the
  Committee on Ways and Means

AN  ACT  to  amend  the tax law, in relation to computation of sales and
  compensating use taxes when the price paid reflects a discount

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Section  1111  of  the tax law is amended by adding a new
subdivision (o) to read as follows:
  (O) WITH RESPECT TO THE SALE OR USE OF ANY GOODS OR THE  SALE  OF  ANY
SERVICES  SUBJECT  TO  TAXATION UNDER THIS ARTICLE THE SALES TAX IMPOSED
UNDER SECTION ELEVEN HUNDRED FIVE OF THIS PART AND THE COMPENSATING  USE
TAX  IMPOSED  UNDER  SECTION  ELEVEN  HUNDRED  TEN OF THIS PART SHALL BE
COMPUTED ON THE PRICE ACTUALLY PAID BY THE  CONSUMER  AFTER  THE  LISTED
PURCHASE  PRICE  HAS  BEEN  REDUCED, IF AT ALL, BY ANY DISCOUNT, REBATE,
CREDIT, OR OTHER ABATEMENT OF THE LISTED PURCHASE  PRICE,  WHETHER  SUCH
DISCOUNT,  REBATE, CREDIT, OR OTHER ABATEMENT IS DERIVED FROM A MANUFAC-
TURER, DISTRIBUTOR, WHOLESALER, RETAILER, OR ANY ENTITY IN PRIVITY  WITH
ANY MANUFACTURER, DISTRIBUTOR, WHOLESALER, OR RETAILER.
  S  2. This act shall take effect on the first day of a sales tax quar-
terly period, as such period is described in subdivision (b) of  section
1136  of the tax law, beginning at least 60 days after the date this act
shall have become a law and shall apply to sales made on or  after  that
date although rendered or made under a prior contract.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09670-01-9

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