Assembly Bill A3924

2017-2018 Legislative Session

When external indices are utilized to determine sales and use tax due, requires such indices to reflect local economic conditions

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Sponsored By

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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2017-A3924 (ACTIVE) - Details

See Senate Version of this Bill:
S561
Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd §1138, Tax L
Versions Introduced in Other Legislative Sessions:
2011-2012: A8129, S4943
2013-2014: A5936, S2710
2015-2016: A4569, S3013
2019-2020: S971

2017-A3924 (ACTIVE) - Summary

Requires the commissioner of taxation and finance, when using external indices to determine sales and compensating use tax due because of failure to file a return or filing of an incorrect return, to use external indices which reflect local economic conditions.

2017-A3924 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3924
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 30, 2017
                                ___________
 
 Introduced  by  M.  of  A.  SCHIMMINGER,  OTIS,  STECK, LUPARDO, JAFFEE,
   MAGNARELLI -- Multi-Sponsored by -- M. of A. ABBATE, COOK,  RIVERA  --
   read once and referred to the Committee on Ways and Means
 
 AN  ACT  to amend the tax law, in relation to the determination of sales
   and compensating use taxes due

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Subdivision (a) of section 1138 of the tax law is amended
 by adding a new paragraph 5 to read as follows:
   (5) WHENEVER A RETURN REQUIRED BY THIS ARTICLE IS NOT FILED, OR  IF  A
 RETURN  WHEN  FILED  IS INCORRECT OR INSUFFICIENT, AND THE AMOUNT OF TAX
 DUE IS DETERMINED BY THE COMMISSIONER FROM SUCH INFORMATION  AS  MAY  BE
 AVAILABLE  PURSUANT  TO PARAGRAPH ONE OF THIS SUBDIVISION, ANY  EXTERNAL
 INDICES USED TO ESTIMATE THE TAX DUE SHALL REFLECT  THE  LOCAL  ECONOMIC
 CONDITIONS.
   § 2. This act shall take effect immediately.
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD05892-01-7

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