Assembly Actions - Lowercase Senate Actions - UPPERCASE |
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Jan 05, 2022 | referred to budget and revenue |
Jan 06, 2021 | referred to budget and revenue |
senate Bill S530
Sponsored By
Anna M. Kaplan
(D, IP, WF) 7th Senate District
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
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Actions
S530 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A378
- Current Committee:
- Senate Budget And Revenue
- Law Section:
- Tax Law
- Laws Affected:
- Amd §§1115, 210-B & 606, Tax L
- Versions Introduced in 2019-2020 Legislative Session:
-
S9015, A11051
S530 (ACTIVE) - Sponsor Memo
BILL NUMBER: S530 SPONSOR: KAPLAN TITLE OF BILL: An act to amend the tax law, in relation to exempting from sales and compensating use taxes any equipment or product purchased by restaurant or food service establishment for use in outdoor dining during the novel coronavirus (COVID-19) PURPOSE: Exempts from sales and compensating use taxes any equipment or product purchased by a restaurant or food service establishment for use in outdoor dining during the COVID-19 pandemic SUMMARY OF SPECIFIC PROVISIONS: Section 1 of the bill amends subdivision a of Section 1115 of the tax law by adding a new paragraph 46 to exempt from sales tax any equipment or product purchased by any restaurant or food service establishment for
S530 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 530 2021-2022 Regular Sessions I N S E N A T E (PREFILED) January 6, 2021 ___________ Introduced by Sen. KAPLAN -- 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 exempting from sales and compensating use taxes any equipment or product purchased by restau- rant or food service establishment for use in outdoor dining during the novel coronavirus (COVID-19) THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision (a) of section 1115 of the tax law is amended by adding a new paragraph 46 to read as follows: (46) ANY EQUIPMENT OR PRODUCT PURCHASED BY ANY RESTAURANT OR FOOD SERVICE ESTABLISHMENT FOR THE USE IN OUTDOOR DINING DURING THE NOVEL CORONAVIRUS (COVID-19) PANDEMIC. § 2. Section 210-B of the tax law is amended by adding a new subdivi- sion 55 to read as follows: 55. SALES TAX PAID ON OUTDOOR DINING EQUIPMENT CREDIT. (1) FOR THE PERIOD BEGINNING JUNE FOURTH, TWO THOUSAND TWENTY AND ENDING ON THE EFFECTIVE DATE OF THIS SUBDIVISION, A TAXPAYER WHO OWNS A RESTAURANT OR FOOD SERVICE ESTABLISHMENT SHALL BE ALLOWED A CREDIT FOR SALES TAX PAID FOR ANY EQUIPMENT OR PRODUCT PURCHASED BY SUCH TAXPAYER FOR USE IN OUTDOOR DINING DURING THE NOVEL CORONAVIRUS (COVID-19) PANDEMIC. (2) IF THE AMOUNT OF THE CREDIT ALLOWED UNDER THIS SUBDIVISION FOR ANY TAXABLE YEAR SHALL EXCEED THE TAXPAYER'S TAX FOR SUCH YEAR, THE EXCESS SHALL BE TREATED AS AN OVERPAYMENT OF TAX TO BE CREDITED OR REFUNDED IN ACCORDANCE WITH THE PROVISIONS OF SECTION SIX HUNDRED EIGHTY-SIX OF THIS ARTICLE, PROVIDED, HOWEVER, THAT NO INTEREST SHALL BE PAID THEREON. § 3. Section 606 of the tax law is amended by adding a new subsection (kkk) to read as follows: (KKK) SALES TAX PAID ON OUTDOOR DINING EQUIPMENT CREDIT. (1) FOR THE PERIOD BEGINNING JUNE FOURTH, TWO THOUSAND TWENTY AND ENDING ON THE EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
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