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NY S02678
Bill
Status
Engrossed
6/23/2011
Primary Sponsor
William Larkin
Click for details
AI Summary
- Amends tax law to exempt sales of general aviation aircraft from New York state sales and compensating use taxes
- Extends existing exemption for aircraft maintenance services to also cover the aircraft themselves
- Applies to sales made and uses occurring on or after the bill's effective date, with transitional provisions under existing tax law sections
- Authorizes the commissioner of taxation and finance to adopt rules, regulations, and procedures necessary to implement the exemption
- Known as the "New York Aviation Jobs Act"
Legislative Description
Provides for an exemption from sales and use taxes on the sale of general aviation aircraft.
Last Action
COMMITTED TO RULES
6/21/2012
Committee Referrals
Rules6/21/2012
Finance5/2/2012
Investigations and Government Operations1/4/2012
Ways and Means6/23/2011
Rules6/13/2011
Finance6/2/2011
Investigations and Government Operations1/28/2011
Full Bill Text
No bill text available