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Assembly Bill A1929A

2013-2014 Legislative Session

Provides an exemption from the tax on sales and the compensating use tax for certain equipment purchased by companies located in college incubator facilities

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Archive: Last Bill Status - In Assembly Committee

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Bill Amendments

co-Sponsors

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2013-A1929 - Details

See Senate Version of this Bill:
S2021
Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd §1115, Tax L
Versions Introduced in Other Legislative Sessions:
2009-2010: A2815, S1997
2011-2012: A5027, S3175
2015-2016: A4035, S2812
2017-2018: A3330, S3828
2019-2020: S3306

2013-A1929 - Summary

Provides an exemption from the tax on sales and the compensating use tax for equipment, with a purchase price of five hundred dollars or greater, purchased by companies located in college incubator facilities or incubator facilities funded by the state.

2013-A1929 - Bill Text download pdf 

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

    S. 2021                                                  A. 1929

                       2013-2014 Regular Sessions

                      S E N A T E - A S S E M B L Y

                               (PREFILED)

                             January 9, 2013
                               ___________

IN  SENATE  --  Introduced  by  Sens.  LAVALLE, KENNEDY, LARKIN, O'MARA,
  RANZENHOFER -- read twice and ordered printed, and when printed to  be
  committed to the Committee on Investigations and Government Operations

IN  ASSEMBLY  --  Introduced by M. of A. SCHIMMINGER, SWEENEY, COLTON --
  Multi-Sponsored by -- M. of A. KOLB, MAGEE -- 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
  the tax on sales and the compensating use tax  for  certain  equipment
  purchased by companies located in academic incubator facilities

  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) EQUIPMENT WITH A PURCHASE PRICE OF FIVE HUNDRED DOLLARS OR GREAT-
ER  PURCHASED  BY  ANY  COMPANY LOCATED IN AN INCUBATOR FACILITY THAT IS
ASSOCIATED WITH A COLLEGE, AS DEFINED IN SUBDIVISION TWO OF SECTION  TWO
OF  THE  EDUCATION  LAW,  OR AN INCUBATOR FACILITY THAT IS FUNDED BY THE
STATE. SUCH EQUIPMENT MUST BE USED  DIRECTLY  AND  PREDOMINATELY  WITHIN
SUCH INCUBATOR FACILITY.
  S 2. This act shall take effect September 1, 2013.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD03803-01-3

co-Sponsors

multi-Sponsors

2013-A1929A (ACTIVE) - Details

See Senate Version of this Bill:
S2021
Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd §1115, Tax L
Versions Introduced in Other Legislative Sessions:
2009-2010: A2815, S1997
2011-2012: A5027, S3175
2015-2016: A4035, S2812
2017-2018: A3330, S3828
2019-2020: S3306

2013-A1929A (ACTIVE) - Summary

Provides an exemption from the tax on sales and the compensating use tax for equipment, with a purchase price of five hundred dollars or greater, purchased by companies located in college incubator facilities or incubator facilities funded by the state.

2013-A1929A (ACTIVE) - Bill Text download pdf 

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

    S. 2021--A                                            A. 1929--A

                       2013-2014 Regular Sessions

                      S E N A T E - A S S E M B L Y

                               (PREFILED)

                             January 9, 2013
                               ___________

IN  SENATE  --  Introduced  by  Sens.  LAVALLE, GOLDEN, KENNEDY, LARKIN,
  O'MARA, RANZENHOFER, VALESKY -- read twice and  ordered  printed,  and
  when  printed  to  be committed to the Committee on Investigations and
  Government Operations -- recommitted  to  the  Committee  on  Investi-
  gations  and  Government  Operations in accordance with Senate Rule 6,
  sec. 8 -- committee discharged, bill  amended,  ordered  reprinted  as
  amended and recommitted to said committee

IN  ASSEMBLY  --  Introduced by M. of A. SCHIMMINGER, SWEENEY, COLTON --
  Multi-Sponsored by -- M. of A. KOLB, MAGEE -- read once  and  referred
  to  the Committee on Ways and Means -- recommitted to the Committee on
  Ways and Means in accordance with Assembly Rule 3, sec. 2 -- committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to said committee

AN ACT to amend the tax law, in relation to providing an exemption  from
  the  tax  on  sales and the compensating use tax for certain equipment
  purchased by companies located in academic incubator facilities

  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) EQUIPMENT WITH A PURCHASE PRICE OF FIVE HUNDRED DOLLARS OR GREAT-
ER PURCHASED BY ANY COMPANY LOCATED IN AN  INCUBATOR  FACILITY  THAT  IS
ASSOCIATED  WITH A COLLEGE, AS DEFINED IN SUBDIVISION TWO OF SECTION TWO
OF THE EDUCATION LAW, OR AN INCUBATOR FACILITY THAT  IS  FUNDED  BY  THE
STATE.  SUCH  EQUIPMENT  MUST  BE USED DIRECTLY AND PREDOMINATELY WITHIN
SUCH INCUBATOR FACILITY.
  S 2. This act shall take effect September 1, 2014.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD03803-02-4

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