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Assembly Bill A3330A

2017-2018 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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2017-A3330 - Details

See Senate Version of this Bill:
S3828
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
2015-2016: A4035, S2812
2019-2020: S3306

2017-A3330 - 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.

2017-A3330 - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
     S. 3828                                                  A. 3330
 
                        2017-2018 Regular Sessions
 
                       S E N A T E - A S S E M B L Y
 
                             January 27, 2017
                                ___________
 
 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
 
 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.
   § 2. This act shall take effect September 1, 2018.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD07985-01-7

co-Sponsors

multi-Sponsors

2017-A3330A (ACTIVE) - Details

See Senate Version of this Bill:
S3828
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
2015-2016: A4035, S2812
2019-2020: S3306

2017-A3330A (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.

2017-A3330A (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
     S. 3828--A                                            A. 3330--A
     Cal. No. 1340
 
                        2017-2018 Regular Sessions
 
                       S E N A T E - A S S E M B L Y
 
                             January 27, 2017
                                ___________
 
 IN  SENATE  --  Introduced  by  Sens. LAVALLE, CARLUCCI, GOLDEN, LARKIN,
   MURPHY, 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  Investi-
   gations  and  Government  Operations in accordance with Senate Rule 6,
   sec. 8 -- reported favorably from said committee and committed to  the
   Committee  on  Finance  --  reported  favorably  from  said committee,
   ordered to first report, amended on first report, ordered to a  second
   report  and  ordered  reprinted,  retaining  its place in the order of
   second report
 
 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 45 to read as follows:
   (45) 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.
   § 2. This act shall take effect September 1, 2018.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

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