Bill > S00728

This bill amends the tax law to provide a sales and compensating use tax exemption for goods and services valued at less than $110 sold in certain "business zone areas" of New York City. The exemption would apply for six months starting on the first day of authorized construction in these designated areas, which include parts of 125th Street, 2nd Avenue, Chrystie Street, Bowery, Worth Street, and Water Street. The commissioner would determine the period of authorized construction for each business zone area.