Assembly Bill A1559

2017-2018 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 Assembly 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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2017-A1559 (ACTIVE) - Details

Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd §1115, Tax L
Versions Introduced in Other Legislative Sessions:
2013-2014: A8754
2015-2016: A3808

2017-A1559 (ACTIVE) - Summary

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

2017-A1559 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1559
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 12, 2017
                                ___________
 
 Introduced by M. of A. HAWLEY, DiPIETRO, McLAUGHLIN, RAIA, WALTER, McDO-
   NOUGH  -- Multi-Sponsored by -- M. of A. FITZPATRICK, McKEVITT, RIVERA
   -- read once and referred to the Committee on Ways and Means
 
 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.
   §  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.
                                                            LBD01333-01-7

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