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NY S04986

Bill

Official Source

Status

Passed

11/28/2016

Primary Sponsor

Jack Martins

Click for details

Origin

Senate

2015-2016 General Assembly

AI Summary

  • Exempts from sales and use taxes tangible personal property manufactured and sold by veterans as defined in Executive Law Section 364
  • Exemption applies only when sales benefit a veteran's service organization
  • Exemption limited to the first $2,500 of receipts from such sales in a calendar year
  • Exemption does not apply if the veteran or any household member conducts a trade or business selling similar items
  • Takes effect on the first day of a quarterly sales tax period that occurs after the thirtieth day following enactment

Legislative Description

Provides an exemption from sales and use taxes for certain personal property manufactured and sold by veterans.

Last Action

SIGNED CHAP.478

11/28/2016

Committee Referrals

Ways and Means6/2/2016
Rules5/23/2016
Veterans, Homeland Security and Military Affairs1/6/2016
Ways and Means6/10/2015
Rules6/9/2015
Finance6/1/2015
Veterans, Homeland Security and Military Affairs4/27/2015

Full Bill Text

No bill text available