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NY A11051
Bill
Status
10/7/2020
Primary Sponsor
Edward Braunstein
Click for details
AI Summary
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Exempts equipment or products purchased by restaurants and food service establishments for outdoor dining from sales and compensating use taxes during the COVID-19 pandemic.
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Allows a sales tax credit for restaurant and food service owners on outdoor dining equipment purchased between June 4, 2020 and the effective date of this subdivision.
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Excess tax credits that exceed a taxpayer's annual tax liability shall be treated as an overpayment and credited or refunded without interest.
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Applies separately to both corporate tax filers (Section 210-B) and other business tax filers (Section 606) with identical credit provisions.
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Takes effect on the first day of a sales tax quarterly period at least 30 days after enactment.
Legislative Description
Exempts from sales and compensating use taxes any equipment or product purchased by a restaurant or food service establishment for use in outdoor dining during the novel coronavirus (COVID-19).
Last Action
print number 11051a
11/6/2020