Assembly Actions -
Senate Actions - UPPERCASE
|Jan 05, 2022||
referred to budget and revenue
|Jun 25, 2021||
referred to rules
Senate Bill S7260
2021-2022 Legislative Session
Archive: Last Bill Status - In Senate Committee Budget And Revenue Committee
- In Committee Assembly
- On Floor Calendar Assembly
- Passed Assembly
- Delivered to Governor
- Signed By Governor
2021-S7260 (ACTIVE) - Details
2021-S7260 (ACTIVE) - Sponsor Memo
BILL NUMBER: S7260 SPONSOR: SALAZAR TITLE OF BILL: An act to amend the tax law, in relation to use tax exemptions for certain race horses; and to repeal certain provisions of such law relat- ing thereto PURPOSE:: This bill would eliminate certain tax exemptions for horse racing in New York State. SUMMARY OF SPECIFIC PROVISIONS:: Section one repeals paragraph 29 of subdivision (a) of section 1115 of the tax law. Section two repeals subdivisions 9 and 10 of section 1118 of the tax law.
2021-S7260 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7260 2021-2022 Regular Sessions I N S E N A T E June 25, 2021 ___________ Introduced by Sens. SALAZAR, BIAGGI, BRISPORT, JACKSON -- read twice and ordered printed, and when printed to be committed to the Committee on Rules AN ACT to amend the tax law, in relation to use tax exemptions for certain race horses; and to repeal certain provisions of such law relating thereto THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph 29 of subdivision (a) of section 1115 of the tax law is REPEALED. § 2. Subdivisions 9 and 10 of section 1118 of the tax law are REPEALED. § 3. Paragraph (b) of subdivision 2 of section 1118 of the tax law, as added by section 2 of part CC of chapter 59 of the laws of 2017, is amended to read as follows: (b) Notwithstanding any provision of this article to the contrary, the exclusion in paragraph (a) of this subdivision shall not apply to the use within the state of property or a service purchased outside this state by a nonresident that is not an individual, unless such nonresi- dent has been doing business outside the state for at least six months prior to the date such nonresident brought such property or service into this state. FOR PURPOSES OF THIS PARAGRAPH, THE EXCLUSION IN PARAGRAPH (A) OF THIS SUBDIVISION SHALL NOT APPLY TO ANY NONRESIDENT THAT IS NOT AN INDIVIDUAL WHEN THE PROPERTY PURCHASED BY SUCH NONRESIDENT IS A HORSE OR HORSES BROUGHT INTO THE STATE FOR RACING, REGARDLESS OF WHETHER SUCH NONRESIDENT HAS BEEN DOING BUSINESS OUTSIDE THE STATE FOR AT LEAST SIX MONTHS PRIOR TO THE DATE SUCH HORSE OR HORSES WERE BROUGHT INTO THE STATE FOR RACING. § 4. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11222-01-1
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