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NY A03665
Bill
Status
1/27/2015
Primary Sponsor
David DiPietro
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AI Summary
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Amends Tax Law Section 1116 to create a new sales and use tax exemption for duly organized chapters or local groups primarily engaged in promoting senior citizen interests, educating about aging, and aiding retired persons with social, economic, and intellectual needs
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Requires exempted senior citizen organizations to be incorporated under Not-for-Profit Corporation Law Section 201, operated for charitable/educational/religious/scientific/literary/cultural purposes for at least one year, with no net earnings benefiting private individuals or shareholders
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Prohibits exempted organizations from substantial lobbying activities or political campaign participation on behalf of candidates for public office
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Adds senior citizen groups to existing exemptions in Tax Law Section 1116(b) for retail sales by shops/stores, restaurant food and drink sales, parking services, and motor fuel purchases by certain organizations
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Takes effect 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
6/14/2016