Bill
Bill > A05358
NY A05358
NY A05358Relates to exemptions from sales and use taxes for gift certificates, electronic gift cards and magnetic gift cards.
summary
Introduced
02/12/2021
02/12/2021
In Committee
01/05/2022
01/05/2022
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 exemptions from sales and use taxes for gift certificates, electronic gift cards and magnetic gift cards
AI Summary
This bill aims to amend the New York tax law to provide exemptions from sales and use taxes for gift certificates, electronic gift cards, and magnetic gift cards. The key provisions include defining these terms and specifying that they are exempt from sales and use taxes. The bill will take effect on the first day of the next quarterly sales tax period after 30 days of becoming law, with the Commissioner of Taxation and Finance taking necessary actions for timely implementation.
Committee Categories
Budget and Finance
Sponsors (13)
Will Barclay (R)*,
Karl Brabenec (R)*,
Dave DiPietro (R)*,
Chris Friend (R)*,
Jarett Gandolfo (R)*,
Steve Hawley (R)*,
Kieran Lalor (R)*,
Dave McDonough (R)*,
Michael Montesano (R)*,
Phil Palmesano (R)*,
Phil Steck (D)*,
Fred Thiele (D)*,
Michael Durso (R),
Last Action
held for consideration in ways and means (on 06/01/2022)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2021/A5358 | 02/13/2021 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A05358&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A05358 | 02/13/2021 |
Loading...