Bill Title: Relates to the definition of presence in New York in determining a taxpayer's New York residency status; adds filing fees for partnerships; enacts reforms to the empire zones program; relates to conforming the definition of manufacturing for purposes of tax credits under article 9-A of the tax law; excludes generation and distribution of electricity; provides for exemption from franchise tax for certain town or county cooperative insurance companies; increases the rate of the premiums tax on certain insurance companies; eliminates the franchise tax imposed on life insurance companies; relates to tax collection and offset agreements with the United States and other states; relates to the treatment of overcapitalized captive insurance companies; limits various under-utilized tax credits; requires nonresident individuals to include as income the gain or loss from the sale of a partnership, limited liability corporation, S corporation with 100 or fewer shareholders to the extent that the gain or loss includes gain or loss from real property located in New York state; changes the percentage used to compute the mandatory first installment of franchise tax and the metropolitan commuter transportation district business tax surcharge under articles 9, 9-A, 32 and 33; relates to a credit against income tax for persons or entities investing in low-income housing; provides for a five hundred dollar threshold for a sales and compensating use tax exemption for clothing and footwear for two, one week exemption periods; imposes state and local sales and compensating use taxes on certain personal services; hair, manicures, pedicures, beauty, massage services, credit rating services; exempts personal services that are rendered by a physician or other person licensed under title 8 of the education law; repeals provisions of the administrative code relating to sales and use taxes; relates to limiting itemized deductions for certain taxpayers and determining the amount of estimated tax installments to be paid; relates to the treatment of income received by partners for performing investment management services as New York source income received for services; provides a tax credit for increasing research activities; relates to qualified emerging technology company facilities, operations and training credits; relates to imposing a tax on cable television service; relates to tobacco products, cigarette taxes, and the manner in which cigars are taxed; includes the amount of any discount given for a coupon in the amounts subject to the sales and compensating use taxes; relates to investment of lottery moneys available and retained on deposit for the payment of lottery prizes; such moneys may be invested or caused to be invested in obligations by the comptroller as provided or in other investments with the care, skill, prudence and diligence of a prudent person acting in like capacity; such investments may be made by a money manager or other advisor recommended by the lottery division and approved by the comptroller; relates to the operation of video lottery gaming; makes technical corrections regarding the operation of video lottery gaming and approving the construction or alteration of any facility housing video lottery gaming; amends chapter 383 of the laws of 2001, authorizes the division of the lottery to conduct a pilot program involving the operation of video lottery terminals at certain racetracks; expands the definition of "vendor" for purposes of the sales and compensating use taxes; authorizes video lottery gaming at Belmont Park; relates to taxing flavored malt beverages at the low liquor tax rate; relates to extending certain provisions of the racing, pari-mutuel wagering and breeding law; increases the percentage for computing receipts and considerations for certain taxes; attempts to curtail certain sales and compensating use tax avoidance schemes; repeals sales and compensating use tax credit and refund for bad debt for purchases made by private label credit cards; provides for the taxation of digital products; removes the cap on the taxation of motor fuel and diesel motor fuel; authorizes the commissioner of taxation and finance to require the use of decals as evidence that a carrier has a valid certificate of registration for each motor vehicle operated or to be operated on the public highways of this state; imposes state sales and compensating use tax surcharge on certain beverage products; 18% on fruit drinks that contain less than 70% of natural fruit juice and soft drinks, soda and beverages that are ordinarily dispensed at soda fountains; does not apply to diet soda; raises replacement certificates of registration from four dollars to fifteen dollars for motor vehicles and for any trailer, semi-trailer, dolly or other device drawn thereby; imposes an additional rate of sales tax on certain luxury property; eliminates the expiration of and make permanent the provisions of law authorizing the quick draw lottery game; eliminates restrictions on the manner in which the quick draw lottery game is authorized to be conducted; relates to participation in more than one joint, multi-jurisdictional and out of state lottery; allows for participation in more than one such group at any time; creates a new grocery store or drug store wine license; provides schedule of fees for stores in business for less than twelve months and for stores in business for twelve months and longer; increases taxes paid by distributors of beer and wine; provides for a special floor tax to be imposed on beer and wine products under contract but not delivered prior to the effective date of the tax increase; increases the special tax on passenger car rentals from 5% to 6% of the receipts therefrom; relates to imposing a sales and compensating use tax on certain transportation services; expands sales taxes on certain amusement charges; relates to narrowing the sales tax definition and treatment of capitol improvements; imposes higher penalties for tax scofflaws.

Spectrum: Committee Bill

Status: (Introduced - Dead) 2009-01-21 - PRINT NUMBER 60A [S00060 Detail]

Text: Latest bill text (Amended) [HTML]

---

Voting Records

Chamber	Vote	Date	Yea	Nay	NV	Abs	Total	Result	Source	View
No roll call record information currently on file.

States not producing parsable votes may be available as images in Supplemental Documents.

Social Comments on NY S00060