|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 08, 2020||referred to budget and revenue|
senate Bill S7135
Archive: Last Bill Status - In Senate Committee Budget And Revenue Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S7135 (ACTIVE) - Details
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
BILL NUMBER: S7135 SPONSOR: HOYLMAN TITLE OF BILL: 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, relat- ing thereto PURPOSE OF BILL: The purpose of this legislation is to reinstate the sales and compensat- ing use taxes on private, non-commercial aircraft. SUMMARY OF SPECIFIC PROVISIONS: Section 1 of the bill amends paragraph (A) of subdivision (i) of section 1111 of the tax law ("Special rules for computing receipts and consider- ation"), as added by section 1 of part TT of chapter 59 of the laws of 2015, to restore language pertaining to non-commercial aircraft that was
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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