Bill Text: NY S02687 | 2011-2012 | General Assembly | Amended
Bill Title: Requires all rebates to be provided by the retailer to a purchaser at the time of the purchase of the good or service to which the rebate applies; authorizes the retailer to determine and disclose in advertisements the method in which the rebate shall be provided; provides for a civil penalty of one hundred dollars for each violation.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2012-02-14 - PRINT NUMBER 2687D [S02687 Detail]
Download: New_York-2011-S02687-Amended.html
S T A T E O F N E W Y O R K ________________________________________________________________________ 2687--A 2011-2012 Regular Sessions I N S E N A T E January 28, 2011 ___________ Introduced by Sen. GRISANTI -- read twice and ordered printed, and when printed to be committed to the Committee on Consumer Protection -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the general business law, in relation to requiring rebates to be provided at the time of purchase THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: 1 Section 1. The general business law is amended by adding a new section 2 391-r to read as follows: 3 S 391-R. REBATES. 1. FOR THE PURPOSES OF THIS SECTION, "REBATE" SHALL 4 MEAN THE RETURN TO A PURCHASER OF ANY GOOD OR SERVICE OF ANY PORTION OF 5 THE PURCHASE PRICE THEREOF OR A SPECIFIC MONETARY AMOUNT. 6 2. EVERY REBATE SHALL BE PROVIDED TO A PURCHASER AT THE TIME OF RETAIL 7 PURCHASE OF THE GOOD OR SERVICE TO WHICH THE REBATE APPLIES. 8 3. ANY PERSON, FIRM, CORPORATION OR ASSOCIATION OFFERING A REBATE WHO 9 VIOLATES THIS SECTION SHALL BE SUBJECT TO A CIVIL PENALTY OF NOT LESS 10 THAN ONE HUNDRED DOLLARS NOR MORE THAN ONE THOUSAND DOLLARS FOR EACH 11 SUCH VIOLATION. 12 S 2. This act shall take effect on the first of September next 13 succeeding the date on which it shall have become a law. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05604-02-1