Senate Bill S5516

Signed By Governor
2009-2010 Legislative Session

An act to amend part L of chapter 60 of the laws of 2004, amending the tax law relating to exempting parts used for aircrafts

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Archive: Last Bill Status Via A8891 - 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

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2009-S5516 (ACTIVE) - Details

See Assembly Version of this Bill:
A8891
Law Section:
Taxation
Laws Affected:
Amd Part L §2, Chap 60 of 2004

2009-S5516 (ACTIVE) - Summary

Relates to exempting parts used exclusively to maintain, repair, overhaul or rebuild aircrafts from the sales and compensating use tax, in relation to the effectiveness thereof.

2009-S5516 (ACTIVE) - Sponsor Memo

2009-S5516 (ACTIVE) - Bill Text download pdf

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

                                  5516

                       2009-2010 Regular Sessions

                            I N  S E N A T E

                              May 13, 2009
                               ___________

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

AN  ACT  to  amend  part L of chapter 60 of the laws of 2004 relating to
  exempting parts used exclusively  to  maintain,  repair,  overhaul  or
  rebuild  aircraft  or services associated therewith from the sales and
  compensating use tax, in relation to the effectiveness thereof

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

  Section  1.  Section  2  of  part L of chapter 60 of the laws of 2004,
amending the tax law relating to exempting  parts  used  exclusively  to
maintain,  repair,  overhaul  or rebuild aircraft or services associated
therewith from the sales and compensating use tax is amended to read  as
follows:
  S  2.  This act shall take effect December 1, 2004, and shall apply to
sales made, services rendered and uses occurring on or after  that  date
in  accordance  with  the applicable transitional provisions of sections
1106 and 1217 of the tax law[, and shall expire and be  deemed  repealed
December  1,  2009;  the  commissioner  of taxation and finance shall be
immediately authorized to adopt and amend any rules or  regulations  and
issue  any  procedure, forms or instructions necessary to implement this
act on its effective date; furthermore, the commissioner of taxation and
finance, in conjunction with the commissioner of  transportation,  shall
review  and  analyze all statistical data available for such purposes of
determining the economic and revenue impact of the  sales  and  use  tax
exemptions  provided  in this act; such report shall include, but not be
limited to, any increases in aviation related employment, airplane main-
tenance, and increases in hangaring in New York state; such report shall
be transmitted to the governor, senate majority leader  and  speaker  of
the assembly].
  S 2. This act shall take effect immediately.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11870-01-9
              

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