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NY A01350

Bill

Official Source

Status

Introduced

1/7/2009

Primary Sponsor

William Colton

Click for details

Origin

Assembly

2009-2010 General Assembly

AI Summary

  • Exempts rental receipts for pallets and containers used to transport tangible personal property for resale from New York state sales and compensating use taxes

  • Adds a new subdivision (gg) to Section 1115 of the Tax Law to establish this exemption

  • Takes effect on the first day of a sales tax quarterly period commencing at least 63 days after the bill becomes law

  • Applies to rental transactions accruing on or after the effective date

Legislative Description

An act to amend the tax law, in relation to exempting from sales and compensating use tax the receipts from the rental of pallets and containers used to ship goods for resale

Last Action

held for consideration in ways and means

7/1/2010

Committee Referrals

Ways and Means1/7/2009

Full Bill Text

No bill text available