S T A T E O F N E W Y O R K
________________________________________________________________________
4818
2011-2012 Regular Sessions
I N A S S E M B L Y
February 8, 2011
___________
Introduced by M. of A. LUPARDO, SCHIMMINGER, BOYLAND, SCHROEDER, MAGNAR-
ELLI, LIFTON, MORELLE, COOK, GABRYSZAK, CASTRO, DESTITO -- Multi-Spon-
sored by -- M. of A. CALHOUN, GUNTHER, HAWLEY, HOOPER, V. LOPEZ,
MAGEE, MOLINARO, PAULIN, PERRY, PHEFFER, RAIA, SAYWARD, SWEENEY, WEIS-
ENBERG, WRIGHT -- read once and referred to the Committee on Ways and
Means
AN ACT to amend the tax law, in relation to providing an exemption from
sales and compensating use taxes for certain aircraft purchased in the
state
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. This act shall be known and may be cited as the "New York
aviation jobs act".
S 2. Paragraph 1 of subdivision (dd) of section 1115 of the tax law,
as added by section 1 of part L of chapter 60 of the laws of 2004, is
amended to read as follows:
(1) Services otherwise taxable under paragraph three of subdivision
(c) of section eleven hundred five or under section eleven hundred ten
of this article, SALES OF GENERAL AVIATION AIRCRAFT, and tangible
personal property purchased and used by the person who sells such
services in performing such services, where such property becomes a
physical component part of the property upon which the services are
performed or where such property is a lubricant applied to aircraft,
shall be exempt from tax under this article where such services are
performed on aircraft.
S 3. This act shall take effect immediately, and shall apply to sales
made, and uses occurring on or after such date in accordance with the
applicable transitional provisions of sections 1106 and 1217 of the tax
law. 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 section one of
this act on its effective date.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.