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Bill > A04004


NY A04004

NY A04004
Relates to providing a sales and compensating use tax exemption in certain areas of New York city.


summary

Introduced
02/01/2021
In Committee
02/01/2021
Crossed Over
Passed
Dead
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)

bill text


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