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NY A03808
Bill
Status
Introduced
1/27/2015
Primary Sponsor
Stephen Hawley
Click for details
AI Summary
- Adds a new sales tax exemption for leases and rentals of noncommercial aircraft used for training and educational purposes
- Exemption applies only to aircraft with seating capacity of less than 20 passengers and maximum payload capacity of less than 6,000 pounds
- Effective date is the first day of a sales tax quarterly period at least 60 days after the bill becomes law
- Commissioner of Taxation and Finance authorized to implement provisions necessary to enforce the exemption
Legislative Description
Creates a tax exemption for leasing of certain aircraft used for flight schools.
Last Action
held for consideration in ways and means
6/14/2016
Committee Referrals
Ways and Means1/27/2015
Full Bill Text
No bill text available