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NY A06003
Bill
Status
3/3/2011
Primary Sponsor
Daniel Burling
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AI Summary
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Adds senior citizen groups to New York's sales and compensating use tax exemption law, allowing duly organized chapters or local groups primarily engaged in promoting senior citizen interests to qualify for tax-exempt status.
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Requires qualifying senior citizen organizations to be incorporated under the Not-for-Profit Corporation Law, operated for at least one year for charitable or educational purposes, have no net earnings benefiting private shareholders, and not engage in substantial political activities or lobbying.
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Updates tax law references to include the new senior citizen group category (paragraph 10) alongside existing exempt organizations in provisions governing retail sales, food and drink sales, parking services, and other transactions.
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Effective date is September 1st of the year following enactment.
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
6/19/2012