Bill
Bill > S00283
NY S00283
NY S00283Provides that the tax imposed upon the sales on goods or services purchased from businesses which employ twenty or less persons, are resident in this state, are independently owned and operated and not dominant in their field shall be two percent.
summary
Introduced
01/04/2023
01/04/2023
In Committee
01/03/2024
01/03/2024
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
2023-2024 General Assembly
Bill Summary
AN ACT to amend the tax law, in relation to the imposition of sales taxes on goods or services purchased from certain businesses
AI Summary
This bill amends the New York state tax law to impose a 2% sales tax on goods or services purchased from businesses that employ 20 or fewer persons, are resident in New York, are independently owned and operated, and are not dominant in their field. The standard 4% sales tax rate would continue to apply to purchases from other businesses. The reduced 2% rate is intended to support small, local businesses in the state.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
REFERRED TO BUDGET AND REVENUE (on 01/03/2024)
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/2023/S283 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S00283&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S00283 |
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