Bill Text: NY S02687 | 2011-2012 | General Assembly | Amended

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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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

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                        2687--B
                              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 -- 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-s to read as follows:
    3    S  391-S. 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.
                                                                  LBD05604-04-1