assembly Bill A7262

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

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Current Bill Status - In Assembly 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 (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 05, 2022 referred to ways and means
Apr 29, 2021 referred to ways and means

A7262 (ACTIVE) - Details

See Senate Version of this Bill:
S5317
Law Section:
Tax Law
Laws Affected:
Add Art 28-D §§1190 - 1194, Tax L; add §97-uuuu, St Fin L

A7262 (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.

A7262 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7262
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              April 29, 2021
                                ___________
 
 Introduced by M. of A. KELLES -- read once and referred to the Committee
   on Ways and Means
 
 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.