|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Apr 06, 2018||referred to investigations and government operations|
senate Bill S8132
Archive: Last Bill Status - In Senate Committee Investigations And Government Operations Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S8132 - Details
S8132 - Sponsor Memo
BILL NUMBER: S8132 SPONSOR: ROBACH TITLE OF BILL: An act to amend the tax law, in relation to allowing a tax exemption with respect to fire extinguishers and fire, heat and carbon monoxide alarms purchased for residential use PURPOSE: An act to amend the tax law to establish a tax-free time period during the month of October for the purchase of fire safety-related products for residential use. SUMMARY OF PROVISIONS: Section 1. Section 1124 of the tax law is amended by adding a new subdi- vision (11) to exempt named fire safety-related products from taxes imposed by this article and lists the products to be included under this article. Section 2 sets the effective date.
S8132 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8132 I N S E N A T E April 6, 2018 ___________ Introduced by Sen. ROBACH -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations AN ACT to amend the tax law, in relation to allowing a tax exemption with respect to fire extinguishers and fire, heat and carbon monoxide alarms purchased for residential use THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The tax law is amended by adding a new section 1124 to read as follows: § 1124. EXEMPTION FROM TAX ON THE CHARGE OF A RESIDENTIAL USE FIRE EXTINGUISHER, FIRE ALARM, HEAT ALARM OR CARBON MONOXIDE ALARM. A TAXPAY- ER SHALL BE ALLOWED AN EXEMPTION EACH YEAR FOR THE PURCHASE DURING THE MONTH OF OCTOBER OF ANY FIRE EXTINGUISHER, FIRE ALARM, HEAT ALARM AND/OR CARBON MONOXIDE ALARM FOR RESIDENTIAL USE. THE AMOUNT OF THE EXEMPTION SHALL BE EQUAL TO THE PRICE PAID FOR EACH ITEM AND SHALL BE EXEMPT FROM THE TAX IMPOSED BY PARAGRAPH EIGHT OF SUBDIVISION (C) OF SECTION ELEVEN HUNDRED FIVE OF THIS ARTICLE. § 2. This act shall take effect on the thirtieth day after it shall have become a law and shall apply to eligible fire extinguishers, fire alarms, heat alarms and carbon monoxide alarms purchased on or after such effective date. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD14186-03-8
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