Senate Bill S6590

2013-2014 Legislative Session

Creates a tax exemption for leasing of certain aircraft used for flight schools

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Investigations And Government Operations Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2013-S6590 (ACTIVE) - Details

See Assembly Version of this Bill:
A8754
Current Committee:
Senate Investigations And Government Operations
Law Section:
Tax Law
Laws Affected:
Amd §1115, Tax L
Versions Introduced in Other Legislative Sessions:
2015-2016: A3808
2017-2018: A1559

2013-S6590 (ACTIVE) - Summary

Creates a tax exemption for leasing of certain aircraft used for flight schools.

2013-S6590 (ACTIVE) - Sponsor Memo

2013-S6590 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  6590

                            I N  S E N A T E

                            February 11, 2014
                               ___________

Introduced  by  Sen.  RANZENHOFER -- read twice and ordered printed, and
  when printed to be committed to the Committee  on  Investigations  and
  Government Operations

AN ACT to amend the tax law, in relation to creating a tax exemption for
  leasing of certain aircraft used for flight schools

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Subdivision (a) of section 1115 of the tax law  is  amended
by adding a new paragraph 44 to read as follows:
  (44) NOTWITHSTANDING THE PROVISIONS OF SUBPARAGRAPH THREE OF PARAGRAPH
(A) OF SUBDIVISION (I) OF SECTION ELEVEN HUNDRED ELEVEN OF THIS ARTICLE,
LEASES  AND  RENTALS OF NONCOMMERCIAL AIRCRAFT HAVING A SEATING CAPACITY
OF LESS THAN TWENTY PASSENGERS AND A MAXIMUM PAYLOAD  CAPACITY  OF  LESS
THAN  SIX  THOUSAND  POUNDS  THAT  ARE USED FOR TRAINING AND EDUCATIONAL
PURPOSES.
  S 2. This act shall take effect on the first day of a sales tax  quar-
terly period, as described in subdivision (b) of section 1136 of the tax
law,  next  commencing  at  least  sixty  days after this act shall have
become law and shall apply in accordance  with  the  applicable  transi-
tional  provisions  of  sections 1106 and 1217 of the tax law; provided,
further, that the commissioner of taxation and finance shall be  author-
ized  on  and  after  the  date this act shall have become a law to take
steps necessary to implement the provisions of this act on its effective
date.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11650-01-3

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