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Full text
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Sponsor's memo
BILL NUMBER:A8763
Title of bill
An act to amend the state finance law, in relation to state aid to counties, cities, and school districts for tax receipts foregone as a result of the exemption of clothing and footwear from sales and compensating use taxes
Purpose or general idea of bill
To provide for the state to hold counties, cities, and school districts harmless for the loss of sales tax revenues attributable to the exemption of clothing/shoes.
Summary of specific provisions
To amend the state finance law and the tax law, in relation to state aid to counties, cities, and school districts for tax receipts foregone as a result of the exemption of clothing and footwear from sales and compensating use taxes.
Justification
To help provide for economic growth.
Prior legislative history
1999-00: Remained in Committee 2001-02: Remained in Committee 2003-04: Remained in Committee 2005-06: Remained in Committee 2007-08: Remained in Committee
Fiscal implications
To be determined
Effective date
This act shall take effect on the first of December succeeding enactment.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.