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Bill > S09505


NY S09505

NY S09505
Eliminates state sales and compensating use taxes on motor fuels and diesel motor fuels; authorizes localities to eliminate such taxes at the local level; establishes various exemptions from New York's sales and use tax; provides for a sales tax exemption for housekeeping supplies and for ready-to-eat foods.


summary

Introduced
07/20/2022
In Committee
07/20/2022
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 eliminating state sales and compensating use taxes on motor fuels and diesel motor fuels and authorizing localities to eliminate such taxes at the local level; and providing for the repeal of such provisions upon expiration thereof (Part A); to amend the tax law, in relation to exemptions from sales and use taxes; and providing for the repeal of such provisions upon expiration thereof (Part B); to amend the tax law, in relation to providing a sales tax exemption for housekeeping supplies; and providing for the repeal of such provisions upon expiration thereof (Part C); and to amend the tax law, in relation to providing a sales tax exemption for ready-to-eat foods; and providing for the repeal of such provisions upon expiration thereof (Part D)

AI Summary

This bill proposes several changes to New York's sales and use tax laws: 1) It eliminates state sales and compensating use taxes on motor fuels and diesel motor fuels, and authorizes localities to do the same at the local level. 2) It establishes various exemptions from New York's sales and use tax, including for personal care products, housekeeping supplies, and ready-to-eat foods. Cities and counties are given the option to adopt or repeal these exemptions locally. 3) The bill also provides a sales tax exemption for residential solar energy systems, commercial solar energy systems, and commercial fuel cell electricity generating systems equipment and electricity generated by such equipment. The provisions of the bill are set to expire and be repealed two years after the effective date, except where otherwise noted. The bill aims to provide tax relief for consumers on certain goods and services.

Sponsors (4)

Last Action

REFERRED TO RULES (on 07/20/2022)

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