NY A08391

Adds senior citizen organizations to the list of entities exempt from New York sales and compensating use taxes, specifically those organized under IRC sections 501(c)(3) or 501(c)(7) that limit membership to age 50 and older.

Requires exempt senior citizen organizations to be organized for pleasure, social, educational, recreational, and/or other non-profit purposes with no net earnings benefiting private shareholders or individuals.

Prohibits exempt senior citizen organizations from engaging in substantial propaganda, legislation influence activities, or political campaign participation on behalf of candidates.

Limits the exemption to purchases made by the organization itself, excluding purchases made by individual members.

Requires duly authorized organization representatives to provide exempt organization certificates to qualify for the exemption; directs the Commissioner of Taxation and Finance to modify Form ST-119.2 and related forms to implement these provisions effective January 1, 2015.