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NY A06579
Bill
Status
3/6/2009
Primary Sponsor
James Bacalles
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AI Summary
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Adds senior citizen groups to the list of organizations exempt from New York State sales and compensating use taxes, specifically duly organized chapters or local groups promoting senior citizen interests and education about aging.
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Requires exempt senior citizen organizations to be incorporated under the Not-for-Profit Corporation Law, operated for at least one year for charitable or educational purposes, with no net earnings benefiting private shareholders and no substantial lobbying or political campaign activities.
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Extends existing exemptions in tax law to senior citizen organizations in sections covering retail sales, restaurant food and drink sales, parking services, and motor fuel purchases consistent with other exempt organization categories.
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Applies exemptions to admissions where all proceeds benefit exempt senior citizen organizations, similar to existing exemptions for other qualifying organizations.
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Takes effect September 1st following the date the bill becomes law.
Legislative Description
Exempts from payment of sales and use taxes, receipts from sales made to any duly organized chapter or local group devoted to promoting interest in the plight of senior citizens, educating senior citizens and the general public about the aging process and aiding retired persons in their social, economic and intellectual needs.
Last Action
held for consideration in ways and means
7/1/2010