Bill Text: NY A10556 | 2019-2020 | General Assembly | Introduced


Bill Title: Suspends the collection and payment of sales tax by small businesses and local municipalities on purchases two hundred fifty dollars or less for a period of three months as a result of the negative impact of COVID-19.

Spectrum: Slight Partisan Bill (Democrat 8-3)

Status: (Introduced - Dead) 2020-05-28 - referred to ways and means [A10556 Detail]

Download: New_York-2019-A10556-Introduced.html



                STATE OF NEW YORK
        ________________________________________________________________________

                                          10556

                   IN ASSEMBLY

                                      May 29, 2020
                                       ___________

        Introduced  by  COMMITTEE  ON RULES -- (at request of M. of A. D. Rosen-
          thal) -- read once and referred to the Committee on Ways and Means

        AN ACT in relation to suspending the collection and payment of sales tax
          on purchases of two hundred fifty dollars or less by small  businesses
          and  local  municipalities for a period of three months as a result of
          the negative impact of COVID-19

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

     1    Section  1.  Notwithstanding any provision of law or regulation to the
     2  contrary, for a duration of three months from the effective date of this
     3  act small businesses as well  as  local  municipalities  throughout  the
     4  state shall suspend the collection of sales tax and shall be exempt from
     5  the  payment  of any sales tax on purchases of two hundred fifty dollars
     6  or less.  Such suspension of the collection and  payment  of  sales  tax
     7  shall not apply to the sale of alcoholic beverages and tobacco products.
     8  For  the  purposes  of  this act, "small business" shall mean a business
     9  which is resident in the state, independently  owned  and  operated  and
    10  employs one hundred or less persons.
    11    § 2. This act shall take effect immediately.






         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD16520-02-0
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