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Who cares
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Sponsors
No co-sponsors yet.
History
- Referred to ways and means
- Delivered to assembly
- Passed senateVote 61–0
- Ordered to third reading cal.1745
- Committee discharged and committed to rules
- 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 exemptions from sales and use tax for books, candy, pictures, posters, trinkets, or any item containing a logo, collectable or seasonal item sold at a book fair or program
In Assembly Committee · Ways And Means · Sponsor Ron Castorina Jr.
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 exemptions from sales and use tax for books, candy, pictures, posters, trinkets, or any item containing a logo, collectable or seasonal item sold at a book fair or program
Purpose
Provides that books and other items sold at a school facility at a school book fair sponsored by a public or non-public school, parent-teachers' association, or similar group shall be exempt from the State sales and compensating use tax.
Summary of provisions
Section 1 adds a new paragraph (44) to Sec.1115 of the Tax Law, which states that books and other items sold at a school facility at a school book fair sponsored by a public or non-public school, parent-teachers' association, or similar group shall be exempt from the State sales and compensating use tax.
Section 2 provides the effective date.
Justification
Currently, all books except text books for purposes of higher education, are subject to the state sales and compensating use tax which creates a disincentive to students from purchasing more books than they can afford or are willing to pay. This bill, seeks to correct this issue by creating and promoting a greater incentive for students to read.
Legislative history
New bill.
Fiscal implications
Minimal.
Effective date
This act shall take effect on the first day of a sales tax quarterly period, as described in subdivision (b) of section 1136 of the tax law, next commencing at least thirty days after this act shall have become law and shall comply in accordance with the applicable transitional provisions of sections 1106 and 1217 of the tax law; provided, further, that the commissioner of taxation and finance shall be authorized on and after the date this act shall have become a law to take steps necessary to implement the provisions 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.