Bill Text: NY S07876 | 2015-2016 | General Assembly | Introduced

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Bill Title: Relates to exemptions from sales and use tax for books, candy, pictures, posters, trinkets, or any item containing a logo, collectable or seasonal item sold at a book fair or program.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Engrossed - Dead) 2016-06-14 - referred to ways and means [S07876 Detail]

Download: New_York-2015-S07876-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          7876
                    IN SENATE
                                      May 19, 2016
                                       ___________
        Introduced  by  Sen.  LANZA  -- 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 exemptions  from  sales  and
          use  tax  for  books,  candy, pictures, posters, trinkets, or any item
          containing a logo, collectable or seasonal item sold at a book fair or
          program
          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 44 to read as follows:
     3    (44) Books, candy, pictures, posters, trinkets, or any item containing
     4  a logo, collectable, or seasonal item sold at a  book  fair  or  program
     5  sponsored  by  a public school or non-public school or associated with a
     6  parent's association or a parent-teachers'  association  or  as  a  fund
     7  raising  activity  to  support  an  educational  group associated with a
     8  school including but not limited to an extracurricular club, sports team
     9  or other such school program.
    10    § 2. This act shall take effect on the first  day  of  the  sales  tax
    11  quarterly period, as described in subdivision (b) of section 1136 of the
    12  tax  law, next commencing at least thirty days after this act shall have
    13  become law and shall apply in accordance  with  the  applicable  transi-
    14  tional  provisions  of  sections 1106 and 1217 of the tax law; provided,
    15  further, that the commissioner of  taxation and finance shall be author-
    16  ized on and after the date this act shall have become a law to take  the
    17  steps necessary to implement the provisions of this act on its effective
    18  date.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD15512-01-6