Loading chat...
NY A07756
Bill
Status
Introduced
4/23/2009
Primary Sponsor
Stephen Hawley
Click for details
AI Summary
- Adds a new exemption to New York tax law for sales of marine vessels where sales tax was previously collected on the same vessel
- Applies to marine vessel sales made on or after January 1, 2011
- Prevents double taxation of the same marine vessel by exempting subsequent sales from sales tax if tax was paid on a prior sale
- Amends section 1115(a) of the tax law to add this new paragraph 44 exemption
Legislative Description
Exempts sale of certain marine vessels where there has been sales tax collected on a previous sale of the same vessel pursuant to section 1105 of the tax law.
Last Action
held for consideration in ways and means
7/1/2010
Committee Referrals
Ways and Means4/23/2009
Full Bill Text
No bill text available