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NY A00862

Bill

Official Source

Status

Introduced

1/9/2013

Primary Sponsor

David Weprin

Click for details

Origin

Assembly

2013-2014 General Assembly

AI Summary

  • Amends Tax Law Section 1703 to permit the New York Department of Taxation and Finance to disclose information from payment card and third party network transaction returns to the New York City Commissioner of Finance
  • Disclosure is limited to information concerning persons or entities subject to tax in New York or subject to requirements under tax law
  • Information may only be disclosed for purposes of administering tax or charge collection laws by the NYC Commissioner of Finance
  • Maintains existing restriction that the state department cannot use or disclose information about persons not subject to New York tax
  • Takes effect immediately upon enactment

Legislative Description

Relates to information returns relating to payments made in settlement of payment card and third party network transactions.

Last Action

held for consideration in ways and means

6/17/2014

Committee Referrals

Ways and Means1/9/2013

Full Bill Text

No bill text available