senate Bill S394

Provides a sales tax exemption for equipment and apparatus used for metal fire escapes

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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
  • 03 / Feb / 2009
    • REPORTED AND COMMITTED TO FINANCE
  • 06 / Jan / 2010
    • REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

Summary

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Bill Details

See Assembly Version of this Bill:
A1041
Versions:
S394
Legislative Cycle:
2009-2010
Current Committee:
Senate Investigations And Government Operations
Law Section:
Tax Law

Sponsor Memo

BILL NUMBER: S394

TITLE OF BILL :
An act to amend the tax law, in relation to providing an exemption
from the tax on sales and the compensating use tax for equipment or
apparatus used for metal fire escapes


PURPOSE OR GENERAL IDEA OF BILL :
To exempt equipment or apparatus used for metal fire escapes from
sales taxes.

SUMMARY OF SPECIFIC PROVISIONS :
Amends subdivision (a) of section 1115 of the tax law by adding a new
paragraph 44.

JUSTIFICATION :
Metal fire escapes are a much safer alternative than wooden fires
escapes. Unfortunately metal fire escapes are very costly. This
legislation would provide a small monetary benefit to those who
convert from wooden to metal fire escapes.

PRIOR LEGISLATIVE HISTORY :
2007/2008 - S.4107/A.6835 Remained in the Senate Committee on
Investigations and Governments and the Assembly Committee on Ways and
Means

FISCAL IMPLICATIONS :
This measure will cause the State a loss of revenue of approximately
$700,000.00.

EFFECTIVE DATE :
Immediately.
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