NY State Senate Bill 2017-S6115

Senate Bill S6115

2017-2018 Legislative Session

Extends from December 1, 2020 to December 1, 2024, the expiration of the sales tax exemption for tangible personal property purchased by certain commercial tenants

download bill text pdf

Archive: Last Bill Status - In Senate Committee Cities 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

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Actions

View Actions

	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jan 03, 2018	referred to cities
May 23, 2017	reported and committed to finance
May 17, 2017	committee discharged and committed to cities
May 11, 2017	referred to energy and telecommunications

Votes

- May 23, 2017 - Committee Vote
  S6115
  
  6
  
  Aye
  
  0
  
  Nay
  
  1
  
  Aye with Reservations
  
  0
  
  Absent
  
  0
  
  Excused
  
  0
  
  Abstained
  - - Committee Vote: May 23, 2017
      
      aye (6)
      
      Akshar
      
      Avella
      
      Felder
      
      Funke
      
      Jacobs
      
      Serrano
      
      aye wr (1)
      
      Persaud

2017-S6115 (ACTIVE) - Details

Current Committee:: Senate Cities
Law Section:: Tax Law
Laws Affected:: Amd §1115, Tax L; amd Part C §2, Chap 2 of 2005

2017-S6115 (ACTIVE) - Summary

Extends from December 1, 2020 to December 1, 2024, the expiration of the sales tax exemption for tangible personal property purchased by certain commercial tenants.

2017-S6115 (ACTIVE) - Sponsor Memo

2017-S6115 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6115
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                               May 11, 2017
                                ___________
 
 Introduced  by  Sen.  FELDER -- read twice and ordered printed, and when
   printed to be committed to the Committee on  Energy  and  Telecommuni-
   cations
 
 AN  ACT to amend the tax law and part C of chapter 2 of the laws of 2005
   amending the tax law relating to exemptions from sales and use  taxes,
   in relation to extending certain provisions thereof

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subparagraph (A) of paragraph  7  of  subdivision  (ee)  of
 section 1115 of the tax law, as amended by section 33 of part A of chap-
 ter 20 of the laws of 2015, is amended to read as follows:
   (A)  "Tenant" means a person who, as lessee, enters into a space lease
 with a landlord for a term of ten years or more commencing on  or  after
 September first, two thousand five, but not later than, in the case of a
 space lease with respect to leased premises located in eligible areas as
 defined  in  clause (i) of subparagraph (D) of this paragraph, September
 first, two thousand [seventeen] TWENTY-ONE and, in the case of  a  space
 lease  with  respect  to  leased  premises  located in eligible areas as
 defined in clause (ii) of subparagraph (D) of this paragraph  not  later
 than  September first, two thousand [nineteen] TWENTY-THREE, of premises
 for use as commercial office space in buildings located or to be located
 in the eligible areas. A person who currently occupies premises for  use
 as  commercial office space under an existing lease in a building in the
 eligible areas shall not be eligible for exemption under  this  subdivi-
 sion  unless  such  existing  lease,  in  the case of a space lease with
 respect to leased premises located  in  eligible  areas  as  defined  in
 clause  (i)  of  subparagraph (D) of this paragraph expires according to
 its terms before September first, two thousand [seventeen] TWENTY-ONE or
 such existing lease, in the case of a space lease with respect to leased
 premises located in eligible areas as defined in clause (ii) of subpara-
 graph (D) of this paragraph and such person enters into a  space  lease,
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

                                                            LBD11612-02-7

 S. 6115                             2
 
 for  a term of ten years or more commencing on or after September first,
 two thousand five, of premises for use as commercial office space  in  a
 building  located  or to be located in the eligible areas, provided that
 such  space  lease  with  respect to leased premises located in eligible
 areas as defined in clause (i) of subparagraph  (D)  of  this  paragraph
 commences  no later than September first, two thousand [seventeen] TWEN-
 TY-ONE, and provided that such space lease with respect to leased  prem-
 ises located in eligible areas as defined in clause (ii) of subparagraph
 (D) of this paragraph commences no later than September first, two thou-
 sand  [nineteen]  TWENTY-THREE  and  provided,  further, that such space
 lease shall expire no earlier than ten years after the expiration of the
 original lease.
   § 2. Section 2 of part C of chapter 2 of the laws  of  2005,  amending
 the  tax law relating to exemptions from sales and use taxes, as amended
 by section 34 of part A of chapter 20 of the laws of 2015, is amended to
 read as follows:
   § 2. This act shall take effect September 1, 2005 and shall expire and
 be deemed repealed on December 1, [2020] 2024, and shall apply to  sales
 made,  uses  occurring  and services rendered on or after such effective
 date, in accordance  with  the  applicable  transitional  provisions  of
 sections 1106 and 1217 of the tax law; except that clause (i) of subpar-
 agraph (D) of paragraph seven of subdivision (ee) of section 1115 of the
 tax law, as added by section one of this act, shall expire and be deemed
 repealed December 1, [2018] 2022.
   § 3. This act shall take effect immediately.

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