Bill > A02642

This bill proposes to amend the New York state tax law to provide a sales and compensating use tax exemption for goods and services valued at less than $110 sold in certain "business zone areas" of New York City. The exemption would apply for a 6-month period starting on the first day of authorized construction in these designated areas, which include various streets and neighborhoods in Manhattan. The commissioner would determine the period of authorized construction for each business zone area. The bill aims to provide tax relief to businesses located near construction projects in these parts of the city.