Senate Bill S4986

Signed By Governor
2015-2016 Legislative Session

Provides an exemption from sales and use taxes for certain personal property manufactured and sold by veterans

download bill text pdf

Sponsored By

Archive: Last Bill Status - Signed by Governor


  • 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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions
Votes

co-Sponsors

2015-S4986 (ACTIVE) - Details

See Assembly Version of this Bill:
A8480
Law Section:
Tax Law
Laws Affected:
Amd ยง1115, Tax L

2015-S4986 (ACTIVE) - Summary

Provides an exemption from sales and use taxes for certain personal property manufactured and sold by veterans.

2015-S4986 (ACTIVE) - Sponsor Memo

2015-S4986 (ACTIVE) - Bill Text download pdf

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

                                  4986

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                             April 27, 2015
                               ___________

Introduced  by  Sen. MARTINS -- read twice and ordered printed, and when
  printed to be committed to the Committee on Veterans, Homeland Securi-
  ty and Military Affairs

AN ACT to amend the tax law, in relation to providing an exemption  from
  sales  and  use  taxes  for certain personal property manufactured and
  sold by veterans

  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 18-a to read as follows:
  (18-A) TANGIBLE PERSONAL PROPERTY MANUFACTURED AND SOLD BY A  VETERAN,
AS DEFINED IN SECTION THREE HUNDRED SIXTY-FOUR OF THE EXECUTIVE LAW, FOR
THE  BENEFIT  OF  A  VETERAN'S  SERVICE ORGANIZATION, PROVIDED THAT SUCH
PERSON OR ANY MEMBER OF HIS OR HER HOUSEHOLD DOES NOT CONDUCT A TRADE OR
BUSINESS IN WHICH SIMILAR ITEMS ARE SOLD, THE FIRST  TWO  THOUSAND  FIVE
HUNDRED DOLLARS OF RECEIPTS FROM SUCH SALES IN A CALENDAR YEAR.
  S  2. This act shall take effect on the first day of a quarterly sales
tax period, as set forth in subdivision (b) of section 1136 of  the  tax
law, next succeeding the thirtieth day after it shall have become a law.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10701-01-5


              

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.