Bill Text: NY A02259 | 2023-2024 | General Assembly | Introduced


Bill Title: Provides that the tax imposed upon the sales on goods or services purchased from businesses which employ twenty or less persons, are resident in this state, are independently owned and operated and not dominant in their field, shall be two percent.

Spectrum: Slight Partisan Bill (Democrat 12-5)

Status: (Introduced) 2024-01-03 - referred to ways and means [A02259 Detail]

Download: New_York-2023-A02259-Introduced.html



                STATE OF NEW YORK
        ________________________________________________________________________

                                          2259

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                    January 25, 2023
                                       ___________

        Introduced  by  M.  of  A. SIMON, BARCLAY, COOK, FRIEND, WALSH -- Multi-
          Sponsored by -- M.  of A. BUTTENSCHON, COLTON, CRUZ, DeSTEFANO,  DICK-
          ENS,  HYNDMAN, SAYEGH, SMULLEN, STERN, STIRPE, THIELE, WOERNER -- read
          once and referred to the Committee on Ways and Means

        AN ACT to amend the tax law, in relation  to  the  imposition  of  sales
          taxes on goods or services purchased from certain businesses

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. The opening paragraph of section 1105 of the  tax  law,  as
     2  amended  by  chapter  72  of  the  laws  of  1971, is amended to read as
     3  follows:
     4    On and after June first, nineteen hundred seventy-one, there is hereby
     5  imposed and there shall be paid a tax of four percent; provided,  howev-
     6  er,  that when the goods or services are purchased from a business which
     7  employs twenty or less persons, is resident in this state, is  independ-
     8  ently owned and operated and is not dominant in its field, the amount of
     9  tax paid on such sale shall be two percent, upon:
    10    §  2.  This  act  shall  take effect on the first day of the sales tax
    11  quarterly period, as described in subdivision (b) of section 1136 of the
    12  tax law, next commencing at least 90 days  after  this  act  shall  have
    13  become  a  law and shall apply in accordance with the applicable transi-
    14  tional provisions of sections 1106 and 1217 of the tax law.




         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD02221-01-3
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