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NY S05154
Bill
Status
2/19/2025
Primary Sponsor
Robert Jackson
Click for details
AI Summary
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Imposes a special tax of 0.3% or $1 (whichever is greater) on auction sales of artwork, antique furniture, and antique jewelry in New York State
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Defines antiques as items created over 125 years ago; applies to auctions conducted in-state or managed by entities with NY tax resale certificates or auctioneer licenses
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Tax is collected by the auction entity from the purchaser at time of sale, with quarterly returns due to the Commissioner of Taxation and Finance by the 20th day after each quarter ends
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Creates the Art Education Fund to support K-12 art education and supplies at Title I public schools, administered by the New York State Council on the Arts
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Eligible art education activities include painting, visual arts, ceramics, museum field trips, and stipends for artists in residence; unexpended funds at fiscal year end transfer to the general fund
Legislative Description
Imposes a special tax of three-tenths of one percent or one dollar, whichever is greater, on the receipts from the sale of art, antique furniture or antique jewelry at auction; establishes the art education fund to provide assistance for art education and art supplies at the kindergarten through twelfth grade levels at Title I public schools.
Last Action
PRINT NUMBER 5154A
2/12/2026