Bill Text: NY S00035 | 2021-2022 | General Assembly | Introduced
Bill Title: Suspends the collection and payment of sales tax by small businesses and local municipalities on purchases of two hundred fifty dollars or less for a period of three months as a result of the negative impact of COVID-19.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2022-01-05 - REFERRED TO BUDGET AND REVENUE [S00035 Detail]
Download: New_York-2021-S00035-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 35 2021-2022 Regular Sessions IN SENATE (Prefiled) January 6, 2021 ___________ Introduced by Sen. LIU -- read twice and ordered printed, and when printed to be committed to the Committee on Budget and Revenue 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. LBD03364-01-1