|
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
|---|---|
| May 15, 2012 |
referred to ways and means delivered to assembly passed senate |
| May 14, 2012 |
advanced to third reading |
| May 09, 2012 |
2nd report cal. |
| May 08, 2012 |
1st report cal.730 |
| Jan 19, 2012 |
reported and committed to finance |
| Jan 12, 2012 |
print number 4728a |
| Jan 12, 2012 |
amend and recommit to agriculture |
| Jan 04, 2012 |
referred to agriculture |
| Jun 24, 2011 |
committed to rules |
| May 17, 2011 |
advanced to third reading |
| May 16, 2011 |
2nd report cal. |
| May 11, 2011 |
1st report cal.618 |
| Apr 15, 2011 |
referred to agriculture |
Senate Bill S4728
2011-2012 Legislative Session
Sponsored By
(R, C, IP) Senate District
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
Actions
Votes
Bill Amendments
2011-S4728 - Details
2011-S4728 - Sponsor Memo
BILL NUMBER:S4728
TITLE OF BILL:
An act
to amend the tax law, in relation to providing for a sales tax exemption
for farm abstracts
PURPOSE:
To clarify that sale of abstracts of title to land used for
agricultural purposes are not subject to sales tax.
SUMMARY:
Section 1 amends Paragraph 1 of Subdivision (c) of Section 1105 of the
Tax Law to provide an exclusion from the four percent tax for sale of
an abstract of title to real property used for agricultural purposes.
Section 2 states this act shall take effect immediately.
JUSTIFICATION:
Agriculture is a land intensive business which makes sales tax on
abstract services, property taxes and other land-related tax issues a
substantial business expense. The purchase or sale of land requires
an abstract of title which provides a condensed history of all deeds,
mortgages and other recorded documents pertinent to the land parcel
being transferred to new ownership. Before the sale of land can be
concluded, the abstract of title is reviewed by an attorney or
2011-S4728 - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
4728
2011-2012 Regular Sessions
I N S E N A T E
April 15, 2011
___________
Introduced by Sen. RITCHIE -- read twice and ordered printed, and when
printed to be committed to the Committee on Agriculture
AN ACT to amend the tax law, in relation to providing for a sales tax
exemption for farm abstracts
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Paragraph 1 of subdivision (c) of section 1105 of the tax
law, as amended by chapter 373 of the laws of 1995, is amended to read
as follows:
(1) The furnishing of information by printed, mimeographed or multi-
graphed matter or by duplicating written or printed matter in any other
manner, including the services of collecting, compiling or analyzing
information of any kind or nature and furnishing reports thereof to
other persons, but excluding the furnishing of information which is
personal or individual in nature and which is not or may not be substan-
tially incorporated in reports furnished to other persons, and excluding
the services of advertising or other agents, or other persons acting in
a representative capacity, and information services used by newspapers,
radio broadcasters and television broadcasters in the collection and
dissemination of news, and excluding meteorological services, AND
EXCLUDING THE SALE OF AN ABSTRACT OF TITLE TO REAL PROPERTY TO BE USED
FOR AGRICULTURAL PURPOSES TO EITHER A PROSPECTIVE PURCHASER OF REAL
PROPERTY OR TO AN ATTORNEY REPRESENTING A PROSPECTIVE PURCHASER.
S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD10930-01-1
2011-S4728A (ACTIVE) - Details
2011-S4728A (ACTIVE) - Sponsor Memo
BILL NUMBER:S4728A
TITLE OF BILL:
An act
to amend the tax law, in relation to providing for a sales tax exemption
for farm abstracts
PURPOSE:
To clarify that sale of abstracts of title to land used for
agricultural purposes are not subject to sales tax.
SUMMARY:
Section 1 amends Paragraph 1 of Subdivision (c) of Section 1105 of the
Tax Law to provide an exclusion from the four percent tax for sale of
an abstract of title to real property used for agricultural purposes.
Section 2 - This act shall take effect on the same date and in the
same manner as Section 3 of Chapter 583 of the Laws of 2011.
JUSTIFICATION:
Agriculture is a land intensive business which makes sales tax on
abstract services, property taxes and other land-related tax issues a
substantial business expense. The purchase or sale of land requires
an abstract of title which provides a condensed history of all deeds,
mortgages and other recorded documents pertinent to the land parcel
being transferred to new ownership. Before the sale of land can be
2011-S4728A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
4728--A
2011-2012 Regular Sessions
I N S E N A T E
April 15, 2011
___________
Introduced by Sen. RITCHIE -- read twice and ordered printed, and when
printed to be committed to the Committee on Agriculture -- recommitted
to the Committee on Agriculture in accordance with Senate Rule 6, sec.
8 -- committee discharged, bill amended, ordered reprinted as amended
and recommitted to said committee
AN ACT to amend the tax law, in relation to providing for a sales tax
exemption for farm abstracts
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Paragraph 1 of subdivision (c) of section 1105 of the tax
law, as amended by chapter 583 of the laws of 2011, is amended to read
as follows:
(1) The furnishing of information by printed, mimeographed or multi-
graphed matter or by duplicating written or printed matter in any other
manner, including the services of collecting, compiling or analyzing
information of any kind or nature and furnishing reports thereof to
other persons, but excluding the furnishing of information which is
personal or individual in nature and which is not or may not be substan-
tially incorporated in reports furnished to other persons, and excluding
the services of advertising or other agents, or other persons acting in
a representative capacity, and information services used by newspapers,
electronic news services, radio broadcasters and television broadcasters
in the collection and dissemination of news, and excluding meteorologi-
cal services, AND EXCLUDING THE SALE OF AN ABSTRACT OF TITLE TO REAL
PROPERTY TO BE USED FOR AGRICULTURAL PURPOSES TO EITHER A PROSPECTIVE
PURCHASER OF REAL PROPERTY OR TO AN ATTORNEY REPRESENTING A PROSPECTIVE
PURCHASER.
S 2. This act shall take effect on the same date and in the same
manner as section 3 of chapter 583 of the laws of 2011.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD10930-02-2
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