Bill Text: NY A03990 | 2021-2022 | General Assembly | Introduced

New York Assembly Bill 3990 (Prior Session Legislation)

Introduced

Bill Title: Establishes a sales and compensating use tax exemption for the receipts from the provision of transportation of used goods that are going to be recycled, reused or remanufactured.

Spectrum: Moderate Partisan Bill (Democrat 8-1)

Status: (Introduced - Dead) 2022-01-05 - referred to ways and means [A03990 Detail]

Download: New_York-2021-A03990-Introduced.html




                STATE OF NEW YORK
        ________________________________________________________________________

                                          3990

                               2021-2022 Regular Sessions

                   IN ASSEMBLY

                                    February 1, 2021
                                       ___________

        Introduced  by  M.  of  A.  COLTON, ENGLEBRIGHT, J. RIVERA, M. MILLER --
          Multi-Sponsored by --  M.  of  A.  COOK,  CYMBROWITZ,  GALEF,  THIELE,
          ZEBROWSKI -- read once and referred to the Committee on Ways and Means

        AN  ACT  to  amend  the tax law, in relation to exempting from sales and
          compensating use tax, receipts from the provision of transportation of
          used tangible personal property for the purpose of recycling, reuse or
          remanufacture

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

     1    Section  1.  Section  1115  of  the tax law is amended by adding a new
     2  subdivision (ll) to read as follows:
     3    (ll) Receipts from the provision of the transportation of used  tangi-
     4  ble  personal  property for the purpose of recycling, reusing or remanu-
     5  facturing such property.
     6    § 2. This act shall take effect on the first  day  of  the  sales  tax
     7  quarterly period, as described in subdivision (b) of section 1136 of the
     8  tax  law,  beginning not less than 90 days after the date this act shall
     9  have become a law and shall apply to the provision of transportation  on
    10  or after such effective date.





         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD06119-01-1