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

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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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-Amended.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                        4728--A
                              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 -- recommitted
         to the Committee on Agriculture in accordance with Senate Rule 6, sec.
         8 -- committee discharged, bill amended, ordered reprinted as  amended
         and recommitted to said committee
       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 583 of the laws of 2011, 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  electronic news services, radio broadcasters and television broadcasters
   14  in the collection and dissemination of news, and excluding  meteorologi-
   15  cal  services,  AND  EXCLUDING  THE SALE OF AN ABSTRACT OF TITLE TO REAL
   16  PROPERTY TO BE USED FOR AGRICULTURAL PURPOSES TO  EITHER  A  PROSPECTIVE
   17  PURCHASER  OF REAL PROPERTY OR TO AN ATTORNEY REPRESENTING A PROSPECTIVE
   18  PURCHASER.
   19    S 2. This act shall take effect on the  same  date  and  in  the  same
   20  manner as section 3 of chapter 583 of the laws of 2011.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD10930-02-2