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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.
Relates to sales and compensating use taxes on certain machinery and equipment at a marine terminal facility located in N.Y. city
In Assembly Committee · Ways And Means · Sponsor Michael Cusick
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 the imposition of sales and compensating use taxes on machinery and equipment for use in loading cargo at marine terminal facilities in certain cities
Purpose
To insure that the New York State sales tax exemption provided by Chapter 508 of the Laws of 2005 not apply to future New York City local sales and use taxes.
Summary of provisions
This legislation amends paragraph 41 of subdivision (a) of §1115 of the tax law by adding provided that the exemption provided by this paragraph shall not apply to taxes imposed pursuant to section twelve hundred ten of this chapter.
Justification
This legislation guarantees that the original intent of Chapter 508 of the Laws of 2005, which was to exempt only the State portion of the sales tax for machinery and equipment.
Legislative history
2008: S.5606 - Referred to Investigations/A.8385 - Referred to Ways and Means 2007: S.5606 - Referred to Investigations/A.8385 - Referred to Ways and Means 2006: S.5962 - Referred to Rules 2005: S.5962 - Referred to Rules
Fiscal implications
None.
Effective date
This act shall take effect on the same date and in the same manner as chapter 508 of the laws of 2007 takes effect.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.