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Bill > S04367


NY S04367

NY S04367
Relates to increasing the exemption from sales and use taxes for food and drink sold through any vending machine; increases the exemption to two dollars fifty cents until December 31, 2023.


summary

Introduced
03/11/2019
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 increasing the exemption from sales and use taxes for food and drink sold through any vending machine; and to amend chapter 63 of the laws of 2000, amending the tax law relating to providing a sales or compensating use tax exemption for certain sales of food or drink made through vending machines, in relation to the effectiveness thereof The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1

AI Summary

This bill amends the New York Tax Law to increase the exemption from sales and use taxes for food and drink sold through vending machines. The exemption is increased from $1.50 to $2.50 for items sold through vending machines that accept only coin or currency, and to $2.50 for items sold through vending machines that accept any form of payment other than coin or currency. This increased exemption is effective until December 31, 2023.

Committee Categories

Budget and Finance

Sponsors (22)

Last Action

PRINT NUMBER 4367A (on 02/25/2020)

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