senate Bill S7135

2019-2020 Legislative Session

Relates to the imposition of sales and compensating use taxes with respect to certain aircraft; and repeals certain provisions of the tax law relating thereto

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Sponsored By

Archive: Last Bill Status - In Senate Committee Budget And Revenue Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (1)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2020 referred to budget and revenue

Co-Sponsors

S7135 (ACTIVE) - Details

See Assembly Version of this Bill:
A9053
Current Committee:
Senate Budget And Revenue
Law Section:
Tax Law
Laws Affected:
Amd §1111, rpld §1115 sub (a) ¶21-a, Tax L
Versions Introduced in 2021-2022 Legislative Session:
S429, A918

S7135 (ACTIVE) - Summary

Relates to the imposition of sales and compensating use taxes with respect to certain aircraft; and repeals paragraph (21-a) of subdivision (a) of section 1115 of the tax law, relating to the exemption from sales and compensating use taxes of general aviation aircraft, and machinery or equipment to be installed on such aircraft.

S7135 (ACTIVE) - Sponsor Memo

S7135 (ACTIVE) - Bill Text download pdf


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

                                  7135

                            I N  S E N A T E

                             January 8, 2020
                               ___________

Introduced  by  Sen. HOYLMAN -- read twice and ordered printed, and when
  printed to be committed to the Committee on Budget and Revenue

AN ACT to amend the tax law, in relation to the imposition of sales  and
  compensating use taxes with respect to certain aircraft; and to repeal
  paragraph  21-a  of  subdivision  (a)  of section 1115 of the tax law,
  relating thereto

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Paragraph (A) of subdivision (i) of section 1111 of the tax
law, as added by section 1 of part TT of chapter 59 of the laws of 2015,
is amended to read as follows:
  (A)  Notwithstanding  any contrary provisions of this article or other
law, with respect to any lease for a term of one year or more of  (1)  a
motor  vehicle,  as  defined  in  section one hundred twenty-five of the
vehicle and traffic law, with a gross vehicle  weight  of  ten  thousand
pounds  or  less,  [or]  (2)  a vessel, as defined in section twenty-two
hundred fifty of such law (including any inboard or outboard  motor  and
any  trailer,  as  defined in section one hundred fifty-six of such law,
leased in conjunction with such a vessel) OR (3) NONCOMMERCIAL  AIRCRAFT
HAVING  A  SEATING CAPACITY OF LESS THAN TWENTY PASSENGERS AND A MAXIMUM
CAPACITY OF LESS THAN SIX THOUSAND POUNDS, or an option to renew such  a
lease  or a similar contractual provision, all receipts due or consider-
ation given or contracted to be given for such property  under  and  for
the  entire  period of such lease, option to renew or similar provision,
or combination of them, shall be deemed to have been paid or  given  and
shall  be subject to tax, and any such tax due shall be collected, as of
the date of first payment under such lease, option to renew  or  similar
provision,  or combination of them, or as of the date of registration of
such property with the commissioner  of  motor  vehicles,  whichever  is
earlier.  Notwithstanding any inconsistent provisions of subdivision (b)
of this section or of section eleven hundred seventeen of  this  article
or  of other law, for purposes of such a lease, option to renew or simi-
lar provision originally entered into outside this state,  by  a  lessee
(1)  who  was a resident of this state, and leased such property for use

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

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