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Bill > S01331


NY S01331

NY S01331
Creates a sales and use tax exemption for school buses and related items.


summary

Introduced
01/14/2019
In Committee
01/08/2020
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

2019-2020 General Assembly

Bill Summary

AN ACT to amend the tax law, in relation to a sales and use tax exemption for school buses and related items The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1

AI Summary

This bill creates a sales and use tax exemption for school buses and related items, such as parts, equipment, lubricants, and fuel purchased and used in their operation. The exemption will take effect on the first day of the quarterly sales tax period after April 1, 2020, and the necessary rules and regulations to implement the exemption are authorized to be completed by that effective date.

Committee Categories

Government Affairs

Sponsors (1)

Last Action

REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS (on 01/08/2020)

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