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NY S02710

Bill

Official Source

Status

Engrossed

6/12/2013

Primary Sponsor

Catharine Young

Click for details

Origin

Senate

2013-2014 General Assembly

AI Summary

  • Amends Tax Law Section 1138(a) to add new requirements for tax determination when returns are not filed or are incorrect or insufficient
  • Requires the Tax Commissioner to use external indices that reflect local economic conditions when estimating tax due based on available information
  • Applies when the Tax Commissioner must determine sales and compensating use tax amounts due to missing or deficient returns
  • Takes effect immediately upon enactment

Legislative Description

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.

Last Action

COMMITTED TO RULES

6/20/2014

Committee Referrals

Rules6/20/2014
Finance1/14/2014
Investigations and Government Operations1/8/2014
Ways and Means6/12/2013
Rules6/11/2013
Finance4/30/2013
Investigations and Government Operations1/23/2013

Full Bill Text

No bill text available