N.Y. Tax Law 1177 – Limited binding and beneficial effect
§ 1177. Limited binding and beneficial effect. (a) The agreement authorized by this article binds and inures only to the benefit of New York state and the other member states. No person, other than a member state, is an intended beneficiary of the agreement. Any benefit to a person other than a state is established by the laws of New York state and the other member states and not by the terms of the agreement.
Terms Used In N.Y. Tax Law 1177
- Agreement: means the streamlined sales and use tax agreement. See N.Y. Tax Law 1171
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Department: means the New York state department of taxation and finance. See N.Y. Tax Law 1171
- State: means any state of the United States and the District of Columbia. See N.Y. Tax Law 1171
(b) Consistent with subdivision (a) of this section, no person shall have any cause of action or defense under the agreement or by virtue of New York state's approval of the agreement. No person may challenge, in any action brought under any provision of law, any action or inaction by any department, agency, or other instrumentality of New York state, or any political subdivision of New York state on the ground that the action or inaction is inconsistent with the agreement.
(c) No law of New York state, or the application thereof, may be declared invalid as to any person or circumstance on the ground that the provision or application is inconsistent with the agreement.