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Bill > A04004
NY A04004
NY A04004Relates to providing a sales and compensating use tax exemption in certain areas of New York city.
summary
Introduced
02/01/2021
02/01/2021
In Committee
02/01/2021
02/01/2021
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
2021-2022 General Assembly
Bill Summary
AN ACT to amend the tax law, in relation to providing a sales and compensating use tax exemption in certain areas of New York city
AI Summary
This bill proposes to provide a sales and compensating use tax exemption for goods and services worth less than $110 sold in certain business zones in New York City. The exemption would apply for six months in areas that are within 100 feet of authorized construction projects, including along 125th Street, 2nd Avenue, Chrystie Street, Bowery, Worth Street, Water Street, and the intersection of Water Street and Whitehall Street. The bill aims to provide tax relief to businesses located near these construction sites during the period of authorized construction.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
enacting clause stricken (on 12/10/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2021/A4004 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A04004&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A04004 |
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