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History
- Referred to investigations and government operations
- Referred to investigations and government operations
Full text
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Sponsor's memo
BILL NUMBER:S4703
Title of bill
An act to amend the tax law, in relation to exempting coin-operated tire inflation equipment from sales and use taxes
Summary of specific provisions
Section one of the bill adds a new paragraph (3) to subdivision (t) of § 1115 of the Tax Law to exempt coin operated tire inflation machines used in gas stations or elsewhere from sales and compensating use taxes. Section one of the bill also renumbers existing paragraph (3) to paragraph (4).
Justification
Under Chapter 389 of the Laws of 1997 (Part A, § 93), the Tax Law was amended to require that coin-operated vacuum machines in car wash businesses be exempt from sales and use taxes. Chapter 489 of the laws of 2003 added coin-operated vacuum machines in all other businesses be exempt from sales and use taxes. For similar reasons, financial hardship as well as an extraordinary paperwork burden for many small businesses that provide these services, this bill seeks to exempt coin-operated air machines from sales and use taxes.
Legislative history
2004: Passed Senate/Assembly Ways & Means Cmte. 2005-06: Passed Senate/Assembly Ways & Means Cmte. 2007-08: Passed Senate/Assembly Ways & Means Cmte. 2009-10: S.3230 Senate Investigations & Government Operations Cmte.
Fiscal implications
Assuming the bill would take effect on September 1, 2007, it is estimated to reduce local revenue by approximately $85,000, for a partial year impact, and $225,000 for a full year. During its first full year of implementation the state's share of this revenue reduction would be approximately $225,000.
Effective date
This act shall take effect on the first day of the sales tax quarterly period, as described in subdivision (b) of § 1136 of the Tax Law, next commencing at least sixty days after this act shall have become a law and shall apply to services rendered on or after such date in accordance with the applicable transitional provisions in §§ 1106 and 1217 of the Tax Law; provided further, that the commissioner shall be authorized on and after the date this act shall have become a law to adopt and amend any rules or regulations and issue any procedure, forms or instructions necessary to implement 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.