Assembly Actions -
Senate Actions - UPPERCASE
|Jan 03, 2024
referred to budget and revenue
|May 23, 2023
reported and committed to finance
|Jan 04, 2023
referred to budget and revenue
Senate Bill S481
2023-2024 Legislative Session
Current Bill Status - In Senate Committee Budget And Revenue Committee
- In Committee Assembly
- On Floor Calendar Assembly
- Passed Assembly
- Delivered to Governor
- Signed By Governor
2023-S481 (ACTIVE) - Details
2023-S481 (ACTIVE) - Sponsor Memo
BILL NUMBER: S481 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.
2023-S481 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 481 2023-2024 Regular Sessions I N S E N A T E January 4, 2023 ___________ Introduced by Sens. SALAZAR, BRISPORT, CLEARE, HOYLMAN, JACKSON, KRUEG- ER, RIVERA, SEPULVEDA, SKOUFIS -- 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 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 Paragraph 29 of subdivision (a) of section 1115 of the tax law is REPEALED.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 Subdivisions 9 and 10 of section 1118 of the tax law are REPEALED.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. LBD00633-01-3
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