senate Bill S5317

2021-2022 Legislative Session

Imposes a special tax on artwork, antique furniture, and antique jewelry sold at auction and establishes the art education fund

download bill text pdf

Sponsored By

Current 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

Your Voice

do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.

Actions

view actions (1)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Mar 02, 2021 referred to budget and revenue

S5317 (ACTIVE) - Details

Current Committee:
Senate Budget And Revenue
Law Section:
Tax Law
Laws Affected:
Add Art 28-D §§1190 - 1194, Tax L; add §97-uuuu, St Fin L

S5317 (ACTIVE) - Summary

Imposes a special tax of three-tenths of one percent or one dollar, whichever is greater, on the receipts from the sale of art, antique furniture or antique jewelry at auction; establishes the art education fund to provide assistance for art education and art supplies at the kindergarten through twelfth grade levels at Title I public schools.

S5317 (ACTIVE) - Sponsor Memo

S5317 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5317
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                               March 2, 2021
                                ___________
 
 Introduced  by  Sen. JACKSON -- 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 imposing a  special  tax  on
   artwork,  antique  furniture, and antique jewelry sold at auction; and
   to amend the state finance law, in relation to  establishing  the  art
   education fund
 
   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 article 28-D to read
 as follows:
                               ARTICLE 28-D
      SPECIAL TAX ON ARTWORK, ANTIQUE FURNITURE, AND ANTIQUE JEWELRY
                              SOLD AT AUCTION
 SECTION 1190. DEFINITIONS.
         1191. IMPOSITION OF SPECIAL TAX.
         1192. ADMINISTRATIVE PROVISIONS.
         1193. DEPOSIT AND DISPOSITION OF REVENUE.
         1194. RULES AND REGULATIONS.
   § 1190. DEFINITIONS. AS USED IN  THIS  ARTICLE,  THE  FOLLOWING  TERMS
 SHALL HAVE THE FOLLOWING MEANINGS:
   (A)  "ART"  A  WORK  OF  ART,  ARTWORK, ART PIECE, PIECE OF ART OR ART
 OBJECT IS AN AESTHETIC PHYSICAL ITEM OR ARTISTIC CREATION.
   (B) "ANTIQUE FURNITURE" SHALL BE FURNITURE CREATED  OVER  ONE  HUNDRED
 TWENTY-FIVE YEARS AGO.
   (C)  "ANTIQUE JEWELRY" SHALL BE JEWELRY CREATED OVER ONE HUNDRED TWEN-
 TY-FIVE YEARS AGO.
   (D) "AUCTION" INCLUDES ANY AUCTION TAKING PLACE IN THE STATE OR  BEING
 MANAGED BY AN ENTITY THAT HAS A NEW YORK TAX RESALE CERTIFICATE OR HAS A
 AUCTIONEER'S LICENSE IN ANY LOCALITY THAT REQUIRES IT WITHIN THE STATE.
   §  1191.  IMPOSITION  OF  SPECIAL  TAX.  IN  ADDITION TO ANY OTHER TAX
 IMPOSED BY THIS CHAPTER OR OTHER LAW, THERE IS HEREBY IMPOSED A  TAX  OF

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

Comments

Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Comment moderation is generally performed Monday through Friday.

By contributing or voting you agree to the Terms of Participation and verify you are over 13.