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NY S01441

Bill

Official Source

Status

Introduced

1/9/2013

Primary Sponsor

Patrick Gallivan

Click for details

Origin

Senate

2013-2014 General Assembly

AI Summary

  • Amends Tax Law Section 1115(c)(1) to modify the sales and use tax exemption for fuel, gas, electricity, refrigeration, and steam used in manufacturing and production
  • Removes the requirement that such utilities be used "directly and exclusively" in production, allowing the exemption to apply more broadly
  • Applies exemption to fuel, gas, electricity, refrigeration, and steam used in manufacturing, processing, assembling, generating, refining, mining, or extracting tangible personal property for sale
  • Exempts these utilities from sales tax under Section 1105(a) and (b) and from compensating use tax under Section 1110
  • Takes effect immediately upon enactment

Legislative Description

Relates to exemptions from sales and use taxes for certain fuel, gas, electricity, refrigeration and steam and gas.

Last Action

COMMITTED TO RULES

6/20/2014

Committee Referrals

Rules6/20/2014
Finance2/10/2014
Energy and Telecommunications1/8/2014
Rules6/21/2013
Finance2/27/2013
Energy and Telecommunications1/9/2013

Full Bill Text

No bill text available