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NY S07876
Bill
Status
Engrossed
6/14/2016
Primary Sponsor
Andrew Lanza
Click for details
AI Summary
- Adds a new exemption from New York sales and use tax for books, candy, pictures, posters, trinkets, items containing logos, collectables, and seasonal items sold at book fairs or programs
- Applies the exemption only when sales occur at events sponsored by public schools, non-public schools, parent associations, or parent-teachers associations
- Extends the exemption to fundraising activities supporting educational groups associated with schools, including extracurricular clubs, sports teams, and other school programs
- Takes effect on the first day of a sales tax quarterly period at least 30 days after the act becomes law
- Authorizes the Commissioner of Taxation and Finance to implement necessary provisions to carry out the exemption
Legislative Description
Relates to exemptions from sales and use tax for books, candy, pictures, posters, trinkets, or any item containing a logo, collectable or seasonal item sold at a book fair or program.
Last Action
referred to ways and means
6/14/2016
Committee Referrals
Rules6/14/2016
Investigations and Government Operations5/19/2016
Full Bill Text
No bill text available