Bill Text: NY S04816 | 2015-2016 | General Assembly | Amended
Bill Title: Relates to the imposition of sales tax on the purchase of certain aircraft and vessels.
Spectrum: Partisan Bill (Republican 3-0)
Status: (Introduced - Dead) 2016-02-11 - PRINT NUMBER 4816A [S04816 Detail]
Download: New_York-2015-S04816-Amended.html
STATE OF NEW YORK ________________________________________________________________________ 4816--A 2015-2016 Regular Sessions IN SENATE April 20, 2015 ___________ Introduced by Sens. FUNKE, GRIFFO, RITCHIE -- read twice and ordered printed, and when printed to be committed to the Committee on Investi- gations and Government Operations -- recommitted to the Committee on Investigations and Government Operations 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 sales and compensating use taxes imposed with respect to certain aircraft and vessels by article 28 and pursuant to the authority of article 29 of such law; and to repeal certain provisions of such law relating thereto The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Paragraph (A) of subdivision (i) of section 1111 of the tax 2 law, as amended by section 1 of part TT of chapter 59 of the laws of 3 2015, is amended to read as follows: 4 (A) Notwithstanding any contrary provisions of this article or other 5 law, with respect to any lease for a term of one year or more of (1) a 6 motor vehicle, as defined in section one hundred twenty-five of the 7 vehicle and traffic law, with a gross vehicle weight of ten thousand 8 pounds or less, [or] (2) a vessel, as defined in section twenty-two 9 hundred fifty of such law (including any inboard or outboard motor and 10 any trailer, as defined in section one hundred fifty-six of such law, 11 leased in conjunction with such a vessel) and (3) noncommercial aircraft 12 having a seating capacity of less than twenty passengers and a maximum 13 payload capacity of less than six thousand pounds, or an option to renew 14 such a lease or a similar contractual provision, all receipts due or 15 consideration given or contracted to be given for such property under 16 and for the entire period of such lease, option to renew or similar 17 provision, or combination of them, shall be deemed to have been paid or 18 given and shall be subject to tax, and any such tax due shall be 19 collected, as of the date of first payment under such lease, option to EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD10484-03-6
