Bill
Bill > S04557
NY S04557
NY S04557Provides that the tax imposed upon the sales on goods or services purchased from businesses which employ twenty of less persons, are resident in this state, are independently owned and operated and not dominant in their field shall be two percent.
summary
Introduced
03/14/2019
03/14/2019
In Committee
01/08/2020
01/08/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
2019-2020 General Assembly
Bill Summary
Provides that the tax imposed upon the sales on goods or services purchased from businesses which employ twenty of less persons, are resident in this state, are independently owned and operated and not dominant in their field shall be two percent.
AI Summary
This bill proposes to amend the New York State tax law to reduce the sales tax rate from 4% to 2% for goods or services purchased from businesses that employ 20 or fewer persons, are resident in New York State, are independently owned and operated, and are not dominant in their field. The reduced 2% tax rate would apply to these small, locally-owned businesses in an effort to support them and provide tax relief.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
REFERRED TO BUDGET AND REVENUE (on 01/08/2020)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
Loading...