senate Bill S232

Exempts factory-built home shells delivered to residential real property sites from the tax on sales and the compensating use tax

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Sponsor

Bill Status


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor
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actions

  • 07 / Jan / 2009
    • REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
  • 06 / Jan / 2010
    • REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

Summary

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Bill Details

See Assembly Version of this Bill:
A346
Versions:
S232
Legislative Cycle:
2009-2010
Current Committee:
Senate Investigations And Government Operations
Law Section:
Tax Law

Sponsor Memo

BILL NUMBER: S232

TITLE OF BILL :
An act to amend the tax law, in relation to exemption of factory-built
home shells from the tax on sales and the compensating use tax


PURPOSE :
This bill exempts factory-built home shells delivered to residential
real property sites from the tax on sales and the compensating use
tax.

SUMMARY OF PROVISIONS :
Subdivision (a) of section 1115 of the tax law is amended by adding a
new paragraph 41.

JUSTIFICATION :
The factory built home shell business is an integral component of the
economy of this state. New home construction fosters economic
development throughout the state. This bill's intention is to exempt
factory built home shells delivered to residential building sites in
order to promote development.

LEGISLATIVE HISTORY :
S.151, 2007-08; S.582,2005-06; S.915-A; 2003-04.

FISCAL IMPLICATIONS :
None noted.

EFFECTIVE DATE :
This Act shall take effect on the first of March next succeeding the
date on which it shall have become a law and shall apply to sale~ made
or uses occurring on or after such date although made or occurring
under a prior contract; provided, that the commissioner of taxation
and finance shall be authorized on and after the date this act shall
have become a law to adopt rules and regulations and issue any
procedures, forms or instructions necessary for the timely
implementation of this act on its effective date.
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