Bill Text: NY A07557 | 2013-2014 | General Assembly | Introduced

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Bill Title: Allows the tax department to disclose certain information to the commissioner of finance of the city of New York for purposes of administering laws relating to taxes and charges collected by department of finance of the city of New York.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Passed) 2013-07-31 - signed chap.235 [A07557 Detail]

Download: New_York-2013-A07557-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         7557
                              2013-2014 Regular Sessions
                                 I N  A S S E M B L Y
                                     May 23, 2013
                                      ___________
       Introduced  by M. of A. FARRELL -- read once and referred to the Commit-
         tee on Ways and Means
       AN ACT to amend the tax law, in relation to information returns relating
         to payments made in settlement of payment card and third party network
         transactions
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1.  Paragraph (c) of subdivision 1 of section 1703 of the tax
    2  law, as added by section 1 of part E of chapter 57 of the laws of  2010,
    3  is amended to read as follows:
    4    (c)  Any  information  received  by  the  department on an information
    5  return filed pursuant to this section, concerning a person  who  is  not
    6  subject to tax in New York, or is not subject to any requirement imposed
    7  by  or pursuant to the authority of this chapter, may not be used by the
    8  department. The department shall not redisclose any information received
    9  on an information return filed pursuant to this section, EXCEPT THAT  IT
   10  MAY DISCLOSE TO THE COMMISSIONER OF FINANCE OF THE CITY OF NEW YORK, FOR
   11  THE  PURPOSE  OF THE ADMINISTRATION OF LAWS RELATING TO TAXES OR CHARGES
   12  COLLECTED BY THE COMMISSIONER OF FINANCE OF THE CITY OF NEW YORK, INFOR-
   13  MATION RECEIVED ON SUCH RETURNS CONCERNING ANY PERSON OR ENTITY  WITH  A
   14  NEW  YORK  CITY  ADDRESS  OR THAT IS A NEW YORK CITY TAXPAYER OR THAT IS
   15  REQUIRED TO PAY NEW YORK CITY TAXES AND/OR CHARGES OR THAT IS SUBJECT TO
   16  ANY REPORTING REQUIREMENT PURSUANT TO NEW YORK CITY TAX LAWS.
   17    S 2.  This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD10824-01-3