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Sponsors
No co-sponsors yet.
History
- Referred to investigations and government operations
- Referred to investigations and government operations
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Exempts factory-built home shells delivered to residential real property sites from the tax on sales and the compensating use tax
In Assembly Committee · Ways And Means · Sponsor Fred Thiele
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the tax law, in relation to exemption of factory-built home shells from the tax on sales and the compensating use tax
Purpose
This bill exempts factory-built home shells delivered to residential real property sites from the tax on sales and the compensating use tax.
Summary of provisions
Subdivision (a) of section 1115 of the tax law is amended by adding a new paragraph 41.
Justification
The factory built home shell business is an integral component of the economy of this state. New home construction fosters economic development throughout the state. This bill's intention is to exempt factory built home shells delivered to residential building sites in order to promote development.
Legislative history
S.151, 2007-08; S.582,2005-06; S.915-A; 2003-04.
Fiscal implications
None noted.
Effective date
This Act shall take effect on the first of March next succeeding the date on which it shall have become a law and shall apply to sale~ made or uses occurring on or after such date although made or occurring under a prior contract; provided, that the commissioner of taxation and finance shall be authorized on and after the date this act shall have become a law to adopt rules and regulations and issue any procedures, forms or instructions necessary for the timely implementation of this act on its effective date.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.