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Assembly Bill A4035A

2015-2016 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

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2015-A4035 - Details

See Senate Version of this Bill:
S2812
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
2013-2014: A1929, S2021
2017-2018: A3330, S3828
2019-2020: S3306

2015-A4035 - 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.

2015-A4035 - Bill Text download pdf 

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

    S. 2812                                                  A. 4035

                       2015-2016 Regular Sessions

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

                            January 29, 2015
                               ___________

IN SENATE -- Introduced by Sens. LAVALLE, GOLDEN, LARKIN, SEWARD -- 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, COLTON -- Multi-Spon-
  sored 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, 2015.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00820-01-5

co-Sponsors

multi-Sponsors

2015-A4035A (ACTIVE) - Details

See Senate Version of this Bill:
S2812
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
2013-2014: A1929, S2021
2017-2018: A3330, S3828
2019-2020: S3306

2015-A4035A (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.

2015-A4035A (ACTIVE) - Bill Text download pdf 

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

    S. 2812--A                                            A. 4035--A

                       2015-2016 Regular Sessions

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

                            January 29, 2015
                               ___________

IN  SENATE  -- Introduced by Sens. LAVALLE, GOLDEN, LARKIN, RANZENHOFER,
  SEWARD -- read twice and ordered  printed,  and  when  printed  to  be
  committed to the Committee on Investigations and Government Operations
  -- recommitted to the Committee on Investigations and Government Oper-
  ations  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, COLTON -- Multi-Spon-
  sored 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, 2017.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00820-02-6

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