Bill Text: NY S03427 | 2023-2024 | General Assembly | Introduced

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Bill Title: Exempts from compensating use taxes purchases made outside the state and brought into the state to the extent that the value of the purchase does not exceed $2,500.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced) 2024-01-03 - REFERRED TO BUDGET AND REVENUE [S03427 Detail]

Download: New_York-2023-S03427-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          3427

                               2023-2024 Regular Sessions

                    IN SENATE

                                    January 31, 2023
                                       ___________

        Introduced  by  Sen.  WEBER  -- read twice and ordered printed, and when
          printed to be committed to the Committee on Budget and Revenue

        AN ACT to amend the tax law, in relation to exempting from  compensating
          use taxes purchases made outside the state and brought into the state

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

     1    Section 1. Section 1118 of the tax law is  amended  by  adding  a  new
     2  subdivision 14 to read as follows:
     3    (14)  In  respect to purchases made outside the state and brought into
     4  the state to the extent that the value of such purchase does not  exceed
     5  two thousand five hundred dollars.
     6    § 2. This act shall take effect immediately and shall apply to returns
     7  filed on and after January 1, 2024.







         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD08123-01-3