Bill > A01143

This bill codifies existing guidance on the application of sales and use tax and amends the definition of "receipt" to include consideration received by a vendor from third parties in certain circumstances. Specifically, the bill defines "receipt" to include third-party consideration that is directly related to a rebate, discount, or similar price reduction on a sale, if the vendor is obligated to pass the consideration through to the purchaser and the amount is fixed and determinable at the time of sale. The bill provides several criteria for when this new definition of "receipt" applies, such as the purchaser presenting a third-party coupon or identifying as a member of a group entitled to the discount. The bill excludes certain motor vehicle sales from this new definition. The changes made by this bill will take effect on the first day of the next sales tax quarterly period that is at least 90 days after the bill becomes law.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2021/A1143