Bill Text: NY S00698 | 2023-2024 | General Assembly | Introduced
Bill Title: Grants a sales and compensating use tax exemption for goods under $2 sold for fundraising organized by school-based volunteer organizations.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Introduced) 2024-01-03 - REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS [S00698 Detail]
Download: New_York-2023-S00698-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 698 2023-2024 Regular Sessions IN SENATE January 6, 2023 ___________ Introduced by Sen. ORTT -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations AN ACT to amend the tax law, in relation to granting a sales and compen- sating use tax exemption for certain goods sold for the purpose of fundraising organized by school-based volunteer organizations The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subdivision (a) of section 1115 of the tax law is amended 2 by adding a new paragraph 47 to read as follows: 3 (47) School-based organizations; any item sold for a cost of under two 4 dollars and for the purpose of fundraising sponsored or promoted by a 5 parent-teacher association and/or student organization, booster club, or 6 similar school-based association, which supports the functioning and 7 viability of educational or extracurricular activities by impacting 8 student life between grades K through twelve, when there is no third- 9 party vendor collecting a sales or compensating use tax through such 10 sales. 11 § 2. This act shall take effect on the first of January next succeed- 12 ing the date on which it shall have become a law. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD03474-01-3
