Bill Text: NY S04728 | 2011-2012 | General Assembly | Introduced

New York Senate Bill 4728 (Prior Session Legislation)

Bill Title: Exempts from sales tax the sale of an abstract of title to real property to be used for agricultural purposes to either a prospective purchaser of real property or to an attorney representing a prospective purchaser.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Engrossed - Dead) 2012-05-15 - referred to ways and means [S04728 Detail]

Download: New_York-2011-S04728-Introduced.html

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         4728
                              2011-2012 Regular Sessions
                                   I N  S E N A T E
                                    April 15, 2011
                                      ___________
       Introduced  by  Sen. RITCHIE -- read twice and ordered printed, and when
         printed to be committed to the Committee on Agriculture
       AN ACT to amend the tax law, in relation to providing for  a  sales  tax
         exemption for farm abstracts
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Paragraph 1 of subdivision (c) of section 1105 of  the  tax
    2  law,  as  amended by chapter 373 of the laws of 1995, is amended to read
    3  as follows:
    4    (1) The furnishing of information by printed, mimeographed  or  multi-
    5  graphed  matter or by duplicating written or printed matter in any other
    6  manner, including the services of  collecting,  compiling  or  analyzing
    7  information  of  any  kind  or  nature and furnishing reports thereof to
    8  other persons, but excluding the  furnishing  of  information  which  is
    9  personal or individual in nature and which is not or may not be substan-
   10  tially incorporated in reports furnished to other persons, and excluding
   11  the  services of advertising or other agents, or other persons acting in
   12  a representative capacity, and information services used by  newspapers,
   13  radio  broadcasters  and  television  broadcasters in the collection and
   14  dissemination  of  news,  and  excluding  meteorological  services,  AND
   15  EXCLUDING  THE  SALE OF AN ABSTRACT OF TITLE TO REAL PROPERTY TO BE USED
   16  FOR AGRICULTURAL PURPOSES TO EITHER  A  PROSPECTIVE  PURCHASER  OF  REAL
   17  PROPERTY OR TO AN ATTORNEY REPRESENTING A PROSPECTIVE PURCHASER.
   18    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD10930-01-1