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NY S04200

Bill

Official Source

Status

Engrossed

6/16/2014

Primary Sponsor

Patricia Ritchie

Click for details

Origin

Senate

2013-2014 General Assembly

AI Summary

  • Amends Tax Law Section 1105(c)(1) to exclude the sale of abstracts of title to real property for agricultural purposes from sales tax
  • Applies exemption to sales to prospective purchasers of agricultural real property or to attorneys representing such purchasers
  • Adds this exclusion to existing exemptions for information services, including those used by news media and meteorological services
  • Takes effect immediately upon enactment

Legislative Description

Exempts from sales tax the sale of an abstract of title to real property to be used for agricultural purposes to either a prospective purchaser of real property or to an attorney representing a prospective purchaser.

Last Action

referred to ways and means

6/16/2014

Committee Referrals

Ways and Means6/16/2014
Investigations and Government Operations3/14/2013

Full Bill Text

No bill text available