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NY S00561
Bill
Status
2/13/2017
Primary Sponsor
Catharine Young
Click for details
AI Summary
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Amends Tax Law Section 1138(a) to add a new paragraph requiring the commissioner of taxation and finance to consider local economic conditions when using external indices to estimate sales and compensating use tax due.
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Applies when a taxpayer fails to file a required return, files an incorrect return, or files an insufficient return.
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Specifies that any external indices used to estimate tax liability must reflect local economic conditions rather than using uniform statewide measures.
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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
6/20/2018