NY State Senate Bill 2019-S8372

Senate Bill S8372

2019-2020 Legislative Session

Provides small businesses affected by COVID-19 an additional 90 days to pay certain monthly sales and payroll taxes

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Archive: Last Bill Status - In Senate Committee Commerce, Economic Development And Small Business 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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Actions

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	Assembly Actions - Lowercase Senate Actions - UPPERCASE
May 19, 2020	referred to commerce, economic development and small business

co-Sponsors

2019-S8372 (ACTIVE) - Details

Current Committee:: Senate Commerce, Economic Development And Small Business
Law Section:: Taxation

2019-S8372 (ACTIVE) - Summary

Provides small businesses affected by COVID-19 an additional 90 days to pay certain monthly sales and payroll taxes.

2019-S8372 (ACTIVE) - Sponsor Memo

                                
 
BILL NUMBER: S8372

SPONSOR: JORDAN
 
TITLE OF BILL:

An act to provide small businesses affected by COVID-19 an additional 90
days to pay certain monthly sales and payroll taxes

 
SUMMARY OF PROVISIONS:

Section 1 provides that small businesses, defined as a business owned
and operated by a resident of New York State with one hundred employees
or less, shall have an additional 90 days to pay any monthly sales and
payroll taxes which become due during such time.

Section 2 establishes the effective date.

 
JUSTIFICATION:

The outbreak of COVID-19 and subsequent measures taken to combat the
spread of the pandemic have been devastating for the economy of New York

State. Perhaps no group feels this more acutely than small business
owners, who in normal times operate on thin margins. The combination of
depressed demand and the inability for some businesses to operate means
that many hard working small business owners may not be able to maintain
their livelihood after the end of the pandemic.  On top of these
concerns is the fact that these businesses will continue to owe taxes to
New York State, a burden which may prove fatal to some small businesses.

This legislation is a measure aimed at giving small business owners a
degree of support necessary for the long-term survival of their busi-
nesses. It provides that small businesses are given an extended period
to pay their sales and payroll taxes which would have come due during
the time of the pandemic. This bill would enable New York State to allow
business owners time to "catch up" on their taxes and would help prevent
the spread of economic decline.

 
LEGISLATIVE HISTORY:

New bill.

 
FISCAL IMPLICATIONS:

Undetermined.

 
EFFECTIVE DATE:
This act shall take effect immediately.

2019-S8372 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8372
 
                             I N  S E N A T E
 
                               May 19, 2020
                                ___________
 
 Introduced  by  Sen.  JORDAN -- read twice and ordered printed, and when
   printed to be committed to the Committee on Commerce, Economic  Devel-
   opment and Small Business
 
 AN ACT to provide small businesses affected by COVID-19 an additional 90
   days to pay certain monthly sales and payroll taxes
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. For the duration of any mandatory or precautionary order of
 quarantine or isolation issued  through  an  executive  order  from  the
 governor  or  by  the state of New York, the department of health, local
 board of health, or any governmental entity  duly  authorized  to  issue
 such order due to COVID-19, small businesses shall have an additional 90
 days  to pay any monthly sales and payroll taxes which become due during
 such time.  For purposes of this act,  "small  business"  shall  mean  a
 business  which is resident in this state, independently owned and oper-
 ated and who employs one hundred full-time equivalent employees or less.
   § 2.  This act shall take effect immediately.
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD16357-01-0

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Senate Bill S8372

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Sponsored By

Daphne Jordan